6299 Rumah Lelong Selangor · Bank Auction Properties
Selangor’s property market is known for its variety, from condos in bustling suburbs to landed homes in quieter towns. Bank auctions offer a smart way to buy below market value, with reserve prices often 10, 40% lower, especially for properties auctioned multiple times. Whether you are a first-home buyer or an investor, a wide selection of auction properties is available across the state. The process is straightforward: register, pay a 10% deposit, and bid on auction day. For the latest auction dates, reserve prices, and guidance on bidding, contact Peter Tan at BidNest Auction.
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Rumah Pangsa Seri Anggerik III
No. SAA-3-02, Block A, Rumah Pangsa Seri Anggerik III, Jalan Anggerik 5, Sek. BS 7, Bukit Sentosa 2, 48300 Rawang, selangor
Gold Coast Morib Resort
No. A3-1-63, Block A3, Gold Coast Morib Resort, Morib, 42700 Banting, Selangor Darul Ehsan
Apartment Kenanga
No. J-4-18, Apartment Kenanga, Persiaran Bunga Raya, Taman Bunga Raya, 48300 Rawang, Selangor
Apartment Seri Seroja
No. B4-6, Jalan Bukit Beruntung 7A, Apartment Seri Seroja, Bukit Beruntung, 48300 Rawang, Selangor
Pangsapuri Seri Bakawali
No. SBE-3-15, Jalan Bakawali 2, Pangsapuri Seri Bakawali, Bukit Sentosa, 48300 Rawang, Selangor
Dahlia Apartment
No. 05-13, Blok Melati, Dahlia Apartment, Jalan Desa 5/3, Bandar Country Homes, 48000, Rawang, Selangor
Podium
No. G-045, Podium, PJ Centrestage, No. 1, Jalan 13/1, Seksyen 13, 46100 Petaling Jaya, Selangor
Lorong Selat Selatan 2
No. 33C, Lorong Selat Selatan 2, Off Jalan Telok Gong, 42000 Port Klang, Selangor
Rumah Pangsa Seri Ros 2
No. SRA-3-08, Rumah Pangsa Seri Ros 2, Jalan Ros 2A, Seksyen BS 5, Bukit Sentosa, 48300, Rawang, Selangor
Pangsapuri Seri Bakawali
No. SBF-4-08, Jalan Bakawali 2, Pangsapuri Seri Bakawali, Bukit Sentosa, 48300 Rawang, Selangor
Pangsapuri Seri Teratai
No. B1-16, Jalan Telipot 4, Pangsapuri Seri Teratai, Bukit Sentosa, 48300 Rawang, 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 · Selangor
How many auction properties are there in Selangor?+
There are currently 6299 bank auction (lelong) properties in Selangor, sourced from major banks and licensed auctioneers and updated regularly.
How much below market are auction properties in Selangor?+
Reserve prices in Selangor are typically 10-40% below market value, and drop roughly another 10% each time a property goes unsold.
Can I get a loan for a lelong property in Selangor?+
Yes, most banks finance auction properties, but the balance is due within 90 to 120 days, so 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.