8 Lelong Terrace House in Selangor
In Selangor, bank auction terrace houses are a smart option for buyers seeking below-market deals. With a wide selection available, these properties are often listed as lelong through reputable auction houses, offering reserve prices that can be 10% to 40% lower than market value. Whether you are a first-home buyer or an investor, the process is straightforward: register with the auction house, pay the standard 10% deposit, and bid on auction day. For the latest auction dates, reserve prices, and a step-by-step guide to the bidding process, reach out to Peter Tan to make your move on a great terrace house in Selangor.
173 terrace house lots sold at auction in Selangor in the last 12 months, median sold price RM 446,300, 45.1% at exactly the reserve. See sold prices
Jalan Teratak U8/106
No. 12, Jalan Teratak U8/106, Bukit Jelutong, 40150, Shah Alam, Selangor
Jalan Setia Perdana U13/30a
No. 46, Jalan Setia Perdana U13/30a, Setia Alam, 40170, Shah Alam, Selangor
Jalan Kemuning Permai 33/42g
No. 5, Jalan Kemuning Permai 33/42g, Taman Kemuning Utama, Seksyen 33, 40400, Shah Alam, Selangor
Jalan BRP 2/1H
No. 24, Jalan BRP 2/1H, Bukit Rahman Putra, 40160, Shah Alam, Selangor
Jalan Bukit Templer
No. 28, Jalan Bukit Templer, Taman Bukit Templer, 48000 Rawang, Selangor
Taman Tun Abdul Razak
No. 35, Jalan 14/3, Taman Tun Abdul Razak, 68000, Ampang, Selangor
Jalan Tiang Seri U8/73J
No. 49, Jalan Tiang Seri U8/73J, Seksyen U8, 40150 Shah Alam, Selangor
Jalan Cinta Air
PT No. 66648, Jalan Cinta Air, Country Heights, 43000, Kajang, Selangor
How to Buy an Auction Property in Selangor
- 1Shortlist properties
Browse auction listings in Selangor, compare each reserve price against nearby market prices and note the discount. Unsold properties are re-auctioned at a lower reserve, typically dropping 10% per round.
- 2Do your due diligence
Get the Proclamation of Sale (POS), check the land title, quit rent and assessment, outstanding maintenance fees and utility bills, and whether the property is still occupied. For strata units, confirm who settles arrears with the management office.
- 3Arrange financing early
Most banks finance auction purchases, but the balance is due within 90 to 120 days of the auction. Get loan pre-approval before bidding so your deposit is never at risk of forfeiture.
- 4Register and pay the deposit
Register before auction day through the bank's e-Lelong portal or the licensed auctioneer, and prepare a bank draft of 5% to 10% of the reserve price as the deposit. Requirements vary slightly between banks and auction houses.
- 5Bid and complete
Bid on auction day. The winning bidder signs the memorandum of sale on the spot and settles the balance within 90 or 120 days as stated in the POS, after which the transfer is completed. An auction specialist can guide you through every step.
Reminder: auction properties are sold as-is and may come with arrears or occupants, so always complete due diligence first. Contact Peter Tan for free guidance through the whole process. Read the full buying guide →
FAQ
What do terrace house auctions in Selangor actually sell for?+
173 terrace house lots sold at auction in Selangor in the last 12 months, median sold price RM 446,300, 45.1% at exactly the reserve. Every transaction is listed on the BidNest sold-prices page.
How many terrace house auctions are there in Selangor?+
There are currently 8 bank auction (lelong) terrace house properties in Selangor, updated regularly.
How much below market are Selangor terrace house auctions?+
Reserve prices for terrace house auctions in Selangor are typically 10-40% below market value, even lower after several rounds.
Can I get a loan for a lelong terrace house in Selangor?+
Yes, many banks finance auction properties. Get loan pre-approval before bidding. Contact Peter Tan for details.
How much deposit do I need to bid in Selangor?+
You typically need a bank draft of 5% to 10% of the reserve price as the deposit. After a successful bid, the balance is due within 90 to 120 days as stated in the Proclamation of Sale.
What are the risks of buying a lelong property in Selangor?+
Auction properties are sold as-is and may carry outstanding maintenance fees, utility bills or occupants. Review the Proclamation of Sale and do a title search before bidding, or engage a specialist to assess it for you.