Residensi Platinum Teratai 29-05: Apartment / Condo for Sale by Auction (Lelong) in Kuala Lumpur
No. 29-05, Residensi Platinum Teratai, No, 2, Jalan Kuraman Setapak, 53000 Kuala Lumpur
Property Details
- Type
- Apartment / Condo
- Tenure
- Freehold
- Built-Up
- 926 sqft
- Auction Date
- 18 Nov 2026 · 09:00 AM
- Auction Round
- 6th auction · lower reserve
- Auctioning Bank
- CIMB Bank Berhad
- Area
- Kuala Lumpur
- Region
- Kuala Lumpur
- Reference
- C431828F64
Title & restrictions
- State consent to transfer
- No restriction in interest stated on the proclamation
- 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.
Auction History
| Round | Auction Date | Reserve Price | Result |
|---|---|---|---|
| 5th auction | 11 May 2026 | RM 380,000 | Unsold |
| 6th auction | 18 Nov 2026 | RM 342,000 | Upcoming |
Against Residensi Platinum Teratai subsale prices
This reserve is about 17% below the building's JPPH-registered subsale median (scaled to the unit size) (6 transfers, 36 months).
Subsale median RM410,944, RM443 psf, JPPH-registered subsale transfers, 36 months.
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 Residensi Platinum Teratai, Kuala Lumpur is for sale by auction with a reserve price of RM342,000, around 17% below market value. Auction properties like this one in Kuala Lumpur can often be bought below market price.
This freehold apartment at Residensi Platinum Teratai, Jalan Kuraman Setapak in Kuala Lumpur offers 926 sqft of built-up space. It is a CIMB Bank Berhad auction (lelong) property with a reserve price of RM342,000 against a market value of RM412,048, around 17% below market, and the auction is scheduled for 18 November 2026. Contact Crispina Ng for auction details and financing guidance.
Location
Open in Google Maps ↗No. 29-05, Residensi Platinum Teratai, No, 2, Jalan Kuraman Setapak, 53000 Kuala Lumpur
FAQ
How much below market value is this Apartment / Condo in Kuala Lumpur?+
The reserve price of RM 342,000 is about 17% below the estimated market value of RM 412,048. Auction properties can often be bought below market.
What is the reserve price?+
The reserve price is RM 342,000, set by CIMB Bank Berhad, the minimum bid for the auction. The final price is decided by open bidding.
When is the auction?+
The auction date is 18 Nov 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.
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
- Puchong Bank Auction Guide: Tips for Lelong Buyers
- Cheras Auction Guide: Buy Lelong Properties Below Market
- Klang Auction Properties: A Buyer's Guide to Lelong Deals
Other auctions in Kuala Lumpur
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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 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)