2069 Rumah Lelong Kuala Lumpur · Bank Auction Properties
Kuala Lumpur, Malaysia's bustling capital, offers a dynamic property market where bank auctions present unique opportunities for buyers. Whether you're searching for a condominium in the city center or a landed home in the suburbs, auction houses regularly feature a wide selection of properties for sale at reserve prices often 10-40% below market value. These bank-lelong events are an excellent avenue for first-home buyers and savvy investors to secure affordable homes. To participate, register in advance, pay a 10% deposit, and bid on auction day. For auction dates, reserve prices, and guidance on the bidding process, reach out to Peter Tan, your trusted auction specialist.
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Met 1 Residences
No. C-42-07, Met 1 Residences, KL Metropolis, Jalan Boulevard, 50480 Kuala Lumpur
North Suites
No. N-11-02, North Suites, The Robertson, No. 2, Jalan Robertson, 50150 Kuala Lumpur
RC Residences
No. A4-47-11, Block A4, RC Residences (Residensi Bandar Razak), No. 1, Jalan Razak Mansion, Sungai Besi, 57100 Kuala Lumpur
Platinum Lake Condominium
No. A-23-18, 23rd Floor, Block A, PV 20, Platinum Lake Condominium, No. 5, Jalan Usahawan 2, off Jalan Genting Kelang, Setapak, 53200 Kuala Lumpur
Lido Residency
No. B-23A-3A, Lido Residency, No. 3, Jalan Yaacop Latif, Bandar Tun Razak, 56000 Kuala Lumpur
Residensi Bandar Razak
No. A1-16-05, Residensi Bandar Razak, No. 1, Jalan Razak Mansion, Sungai Besi, 57100 Kuala Lumpur
KL Traders Square
No. A-17-12, Block A, KL Traders Square, No. 99, Jalan Gombak, Setapak, 53000 Kuala Lumpur
Residensi Selingsing
No. 25-03A, Residensi Selingsing, Jalan Selingsing, Taman City, 51200 Kuala Lumpur
Residensi Hijauan Bukit Jalil
No. C-L22-05, Block C, Residensi Hijauan Bukit Jalil, Jalan Jalil Perwira 2, 58200 Bukit Jalil, Kuala Lumpur
Residensi Altris
No. A-23A-02, Residensi Altris, No. 3, Jalan Wangsa Kuarza, Wangsa Maju, 53300 Kuala Lumpur
Residensi M Centura
No. B-30-06, Residensi M Centura, No. 17, Jalan Sentul Perdana, Setapak, 51000 Kuala Lumpur
Tower B
No. B-30-05, Tower B, Residensi M Centura, Jalan Sentul Perdana, Setapak, 51000 Kuala Lumpur
Residensi Aster Cheras
No. 11-03A, Residensi Aster Cheras, No 2A, Jalan Cheras Hartamas, Cheras, 56100 Kuala Lumpur
Residensi M Luna
No. B-43A-16, Residensi M Luna, No. 888, Jalan Lingkaran Tengah 2 (MRR 2), Kepong, 52100 Kuala Lumpur
Residensi M Vertika
No. B-13-07, Residensi M Vertika, Jalan Cheras, 56000 Kuala Lumpur
Sri Putramas Condominium
No. B-5-3, Sri Putramas Condominium, No. 1, Jalan Putramas 1, Off Jalan Kuching, 51200 Kuala Lumpur
Anjung Villa Condominium
No. C-4-5, Block C, Anjung Villa Condominium, Jalan 1/48A, Bandar Baru Sentul, 51000 Kuala Lumpur
M City
No. 1-27-01, M City, Jalan Ampang, 50450 Kuala Lumpur.
Henna Residensi
No. A2-37-03A, Henna Residensi, No. 2, Jalan Wangsa Kuarza, Wangsa Maju, 53300, Kuala Lumpur
Mercu Jalil
No. A-41-17, (PPAM), Mercu Jalil, No. 1, Jalan Jalil Impian 1, Bukit Jalil, 57000 Kuala Lumpur
Residensi Pandan Mas 2
No. C-36-07, Residensi Pandan Mas 2, Lorong Delapan, Kampung Pandan, 55100 Kuala Lumpur
Parklane OUG Service Apartment
No. D2-30-03, Block D2, Parklane OUG Service Apartment, Jalan 1/152, Taman OUG Parklane, 58200 Kuala Lumpur
Residensi Alam Vista Aman
No. B-33-03, Block B, Residensi Alam Vista Aman (Residens Ava), No. 1, Jalan Benteng Utara, Kiara Bayu Kepong, 52000 Kuala Lumpur
Regalia Service Apartment
No. A-11-01, Block A (Madison), Regalia Service Apartment, Jalan Anjung Putra, Off Jalan Sultan Ismail, 50250 Kuala Lumpur
How to Buy an Auction Property in Kuala Lumpur
- 1Shortlist properties
Browse auction listings in Kuala Lumpur, 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 · Kuala Lumpur
How many auction properties are there in Kuala Lumpur?+
There are currently 2069 bank auction (lelong) properties in Kuala Lumpur, sourced from major banks and licensed auctioneers and updated regularly.
How much below market are auction properties in Kuala Lumpur?+
Reserve prices in Kuala Lumpur 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 Kuala Lumpur?+
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 Kuala Lumpur?+
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 Kuala Lumpur?+
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.