Platinum Lake Condominium B-05-19: Apartment / Condo for Sale by Auction (Lelong) in Kuala Lumpur
No. B-05-19, Pv 20, Platinum Lake Condominium, No. 5, Jalan Usahawan 2, Off Jalan Genting Kelang, Setapak, 53200, Kuala Lumpur
Property Details
- Type
- Apartment / Condo
- Tenure
- Leasehold
- Land Area
- 1,873 sqft
- Auction Date
- 9 Dec 2026 · 09:00 AM
- Auction Round
- 1st auction
- Auctioning Bank
- Hong Leong Bank Berhad
- Area
- Kuala Lumpur
- Region
- Kuala Lumpur
- Reference
- 9034133275
Title & restrictions
- State consent to transfer
- Required: transfer or charge needs State Authority written consent
- Land use (express condition)
- Residential
- Balance payment period
- 120 days from the auction date
- Court
- High Court, Kuala Lumpur
From the High Court proclamation of sale. Confirm with a land title search before bidding.
Recent auction sold prices for apartment / condo in Kuala Lumpur
Actual hammer prices against reserve for similar lots nearby, a benchmark for your bid.
| Property | Sold on | Round | Reserve | Sold price | Premium |
|---|---|---|---|---|---|
| Residensi Agile Delima, Jalan Delima Apartment / Condo · Kuala Lumpur | 29 Oct 2026 | 7th auction | RM 506,000 | RM 630,000 | +24.5% |
| Residensi Ascenda, Jalan Arena 1 Apartment / Condo · Kuala Lumpur | 28 Oct 2026 | 1st auction | RM 410,000 | RM 410,000 | At reserve |
| RC Residences (Residensi Bandar Razak), No. 1 Apartment / Condo · Kuala Lumpur | 28 Oct 2026 | 3rd auction | RM 388,800 | RM 400,000 | +2.9% |
| Residensi Bandar Razak, No. 1 Apartment / Condo · Kuala Lumpur | 28 Oct 2026 | 6th auction | RM 235,100 | RM 340,000 | +44.6% |
| Verticas Residensi, No. 10 Apartment / Condo · Kuala Lumpur | 27 Oct 2026 | 4th auction | RM 1,275,800 | RM 1,285,000 | +0.7% |
About This Lelong Apartment / Condo for Sale in Kuala Lumpur
This bank auction (lelong) apartment / condo in Platinum Lake Condominium, Kuala Lumpur is for sale by auction with a reserve price of RM580,000. Auction properties like this one in Kuala Lumpur can often be bought below market price.
This leasehold apartment at Platinum Lake Condominium in Setapak, Kuala Lumpur is a bank auction (lelong) property scheduled for 9 December 2026, with a reserve price of RM580,000. Setapak is a well established township in Kuala Lumpur with good access to amenities and major roads. Contact Crispina Ng, a bank auction property specialist with 12 years in auctions, for full auction details and financing guidance.
Location
Open in Google Maps ↗No. B-05-19, Pv 20, Platinum Lake Condominium, No. 5, Jalan Usahawan 2, Off Jalan Genting Kelang, Setapak, 53200, Kuala Lumpur
FAQ
What is the reserve price?+
The reserve price is RM 580,000, set by Hong Leong Bank Berhad, the minimum bid for the auction. The final price is decided by open bidding.
When is the auction?+
The auction date is 9 Dec 2026. Dates and reserve prices may be revised by the bank, contact Crispina Ng to confirm.
How do I bid on this property in Kuala Lumpur?+
Register for the auction, pay the 5% to 10% deposit, and bid on auction day. Contact Crispina Ng to guide you through registration, deposit and bidding.
Is financing available for auction properties?+
Yes, many banks finance auction (lelong) properties. Get loan pre-approval before bidding. Contact Crispina Ng for details.
Do I need state consent to buy this property?+
Yes. The title carries a restriction in interest: it cannot be transferred or charged without the State Authority's written consent. Apply right after the auction so the transfer and your loan are not held up, since the balance is due within 120 days.
How long do I have to pay the balance after winning?+
The court proclamation gives 120 days from the auction date to pay the balance of the purchase price. Line up your loan before auction day.
Prices and auction dates are indicative and subject to change by the auctioning bank. Reserve prices may be revised. Please contact us to confirm the latest details before bidding.
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Lelong buying guides
- Strata Title in Malaysia: The 1985 Act, Costs and Auction Condos
- Shah Alam Auction Properties: A Buyer's Guide to Lelong
- Puchong Bank Auction Guide: Tips for Lelong Buyers
- Cheras Auction Guide: Buy Lelong Properties Below Market
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Other auction records in Kuala Lumpur
Nearby bank auctions that have ended: the last round's date, reserve price and outcome. Unit numbers are not shown.
- Residensi Emerald Damai, No. 2Apartment / Condo · 2nd auction · 12 Nov 2026Reserve RM 477,000Called off
- Residensi Vivo, 9 SeputehApartment / Condo · 2nd auction · 12 Nov 2026Reserve RM 468,000Called off
- Residensi Henge, Jalan Metro Perdana BaratApartment / Condo · 2nd auction · 12 Nov 2026Reserve RM 396,000Called off
- Block E, Concerto North KiaraApartment / Condo · 1st auction · 3 Nov 2026Reserve RM 891,000Ended (outcome not published)