11 Apartment / Condo for Sale by Auction (Lelong) in Ampang, Kuala Lumpur
Ampang, Kuala Lumpur, offers a handful of bank auction apartments and condos, perfect for buyers seeking affordable urban living. These auction homes, often priced 10-40% below market value, are an excellent opportunity for first-home buyers and investors alike. The process is straightforward: register your interest, pay the 10% deposit, and bid on auction day. Contact Peter Tan for auction dates, reserve prices, and guidance on the bidding process.
Kuarza 16 Apartment
No. 06-03, Kuarza 16 Apartment, Jalan Melawati 7B, Taman Kuarza 16, 53100 Kuala Lumpur
Reizz Residence
No. 15-09, Reizz Residence (Residensi Ampang Kiri), No. 9, Jalan Ampang Kiri, 55000 Kuala Lumpur
3rd Floor
No. RP1-1-70, 3rd Floor, Block RP 1, Taman Lembah Maju, Jalan Maju Utama, 56100 Kuala Lumpur
Menara Oxley
No. A-37-03A, Menara Oxley, No. 159, Jalan Ampang, 50450 Kuala Lumpur.
Astoria Ampang
No. B-16-05, Block B, Astoria Ampang, Jalan Bemban, Off Jalan Ampang, 55000 Kuala Lumpur.
Tower 1
No. A-38-29, 3rdnvenue @ Embassy Row, Tower 1, 3rdnvenue, 55000, Kuala Lumpur
Pangsapuri Berembang Indah
No. A-03-08, 3rd Floor, Block A, Pangsapuri Berembang Indah, Jalan Nipah, Off Jalan Ampang, 55000, Selangor
Pandan Utama
No. SA35-G, Lorong Pandan Pertama 3, Pandan Utama, 55100 Ampang, Selangor
Taman Lembah Maju
No. 26-2F, Block E, Jalan Maju 3/3, Taman Lembah Maju, 56100 Kuala Lumpur
Pandan Indah
No. BF-2-18, Block BF, Jalan Pandan Indah 5/20, Pandan Indah, 55100, Kuala Lumpur
Pandan Perdana
No. C512, Jalan Perdana 9/10, Pandan Perdana, 55300 Kuala Lumpur
How to Buy an Auction Property in Ampang
- 1Shortlist properties
Browse auction listings in Ampang, 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 · Ampang Apartment / Condo
How many apartment / condo auctions are there in Ampang?+
There are currently 11 bank auction (lelong) apartment / condo listings in Ampang, Kuala Lumpur, updated regularly.
How much below market are Ampang apartment / condo auctions?+
Reserve prices for apartment / condo auctions in Ampang are typically 10-40% below market value, even lower after several rounds.
Can I get a loan for a lelong apartment / condo in Ampang?+
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 Ampang?+
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 Ampang?+
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.