948 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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The Scott Garden
No. 1-42, The Scott Garden (Kompleks Rimbun Scott), No. 289, Jalan Kelang Lama, 58000 Kuala Lumpur
Plaza Permata
No. 1207, 1208, 1209 & 1210, 12th Floor, Plaza Permata, No. 6, Jalan Kampar, 50400 Kuala Lumpur
Kampung Cheras Baru
No. 9, Jalan 34 B, Kampung Cheras Baru, 56100, Ampang, Selangor
Jalan Kenanga SD 9/9B
No. 6, Jalan Kenanga SD 9/9B, Bandar Sri Damansara (52200 Kuala Lumpur), 52200, Petaling Jaya, Selangor
Lorong Pantai Prima
Lot No. 56098, Lorong Pantai Prima, Taman Pantai Prima, 59200 Kuala Lumpur
Lorong Pantai Prima
Lot 56103, Lorong Pantai Prima, Taman Pantai Prima, 59200 Kuala Lumpur
The Scott Garden
No. 1-51, The Scott Garden (Kompleks Rimbun Scott), No. 289, Jalan Klang Lama, 58000 Kuala Lumpur
Plaza KLTS
No. 28-1, Plaza KLTS, Block B, Jalan Gombak, Setapak, 53000 Kuala Lumpur
Tiffani Kiara
No. A-10-07, Tiffani Kiara, No. 1, Changkat Duta Kiara, Mont Kiara, 50480 Kuala Lumpur
Stonor 3
No. 13A-12, Stonor 3, No. 3, Lorong Stonor, 50450 Kuala Lumpur
Residensi Star 2
No. 2-48-3A, Residensi Star 2, No. 1, Jalan Yap Kwan Seng, 50450 Kuala Lumpur.
Lorong Abang Haji Openg 1
No. 16, Lorong Abang Haji Openg 1, Taman Tun Dr Ismail, 60000 Kuala Lumpur
Residensi Lucentia
No. T1-46-06, Residensi Lucentia, Bukit Bintang City Centre, No. 2, Jalan Hang Tuah, 55100 Kuala Lumpur
Lorong Enggang 13
No. 4, Lorong Enggang 13, Dato Keramat Tambahan, 54200, Kuala Lumpur
Villa Inai Condominium
No. 8-0, Villa Inai Condominium, Jalan Inai, 55100 Kuala Lumpur
Jalan Saga Sd 8/1
No. 12, Jalan Saga Sd 8/1, 52200, Bandar Sri Damansara, Kuala Lumpur
Platinum Suite 2
No. D-12-6, Block D, Platinum Suite 2, Jalan Sultan Ismail, 50250 Kuala Lumpur
Berjaya Times Square
No. 05-37, Berjaya Times Square, Jalan Imbi, 55100 Kuala Lumpur
Jalan Ara Sd 7/3E
No. 28, Jalan Ara Sd 7/3E, 52200 Petaling Jaya, Selangor
Lorong Pantai Prima
Lot 56097, Lorong Pantai Prima, Taman Pantai Prima, 59200 Kuala Lumpur
188 Suites
No. B-26-09, 188 Suites, No. 10, Jalan Cendana, 50250 Kuala Lumpur
Tower 2
No. B-20-11, Tower 2 (Block B),188 Suites, Jalan Cendana, 50250 Kuala Lumpur
Verticas Residensi
No. B-39-03, Verticas Residensi, No. 10, Jalan Ceylon, 50200 Kuala Lumpur
Kenanga Wholesale City
No. 3A-83, Kenanga Wholesale City, Jalan Gelugor, 55200 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 948 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.