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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Residensi Infiniti 3
No. A-23A-3, Residensi Infiniti 3, No. 1, Jalan Seri Wangsa 2, Wangsa Maju, 53300 Kuala Lumpur.
Megan Avenue 1
No. D-9-8, Block D, Megan Avenue 1, Jalan Tun Razak, 50400 Kuala Lumpur
Menara UP
No. 5-01, Menara UP, Jalan Puchong, 58200 Kuala Lumpur.
Residensi Vivo
No. C-21-06, Residensi Vivo, 9 Seputeh, Off Jalan Klang Lama, 58000 Kuala Lumpur
Jalan Damai Perdana 17/1A
No. 8, Jalan Damai Perdana 17/1A, Bandar Damai Perdana, 56000 Cheras, Kuala Lumpur
Residensi Mirage YKS
No. 11-1, Residensi Mirage YKS, No. 39, Jalan Yap Kwan Seng, 50450 Kuala Lumpur
Vipod Residences
No. A-3A-1, Vipod Residences (6 Kia Peng), Jalan Kia Peng, 50450 Kuala Lumpur
Lorong Ibu Kota Kanan 2
No. 10, Lorong Ibu Kota Kanan 2, Taman Ibu Kota Gombak, 53100 Kuala Lumpur
Tower A
No. A3-18-3A, Tower A, St Mary Residences, No. 1, Jalan Tengah, 50250 Kuala Lumpur
Jalan Thamby Abdullah
Plot Tanah Kosong, Off Jalan Thamby Abdullah, 50470, Kuala Lumpur
Lorong Sentul Kecil
No. 25 (Ground Floor), Lorong Sentul Kecil, Off Jalan Sentul, 51100 Kuala Lumpur
Jalan Ara SD 7/4E
No. 6, Jalan Ara SD 7/4E, Bandar Sri Damansara, 52200, Petaling Jaya, Selangor
Lorong Pantai Prima
Lot 56104, Lorong Pantai Prima, Taman Pantai Prima, 59200 Kuala Lumpur
Mirage Residence
No. 21-1, Level 21, Mirage Residence, Jalan Yap Kwap Seng, 50450 Kuala Lumpur
Tower 2
No. B-18-11, Tower 2 (Block B),188 Suites, Jalan Cendana, 50250 Kuala Lumpur
Residensi Infiniti 3
No. A-25-2, Residensi Infiniti 3, Jalan Seri Wangsa 2, Wangsa Maju, 53300 Kuala Lumpur
Jalan TPJ 1
No. 11, Jalan TPJ 1, Batu 9 1/4, Taman Permai Jaya, 53100 Gombak, Selangor
The Mews KLCC
No. A-21-5, The Mews KLCC, No. 19, Jalan Yap Kwan Seng, 50450 Kuala Lumpur
Damansara Foresta
No. B-31-06, Block B, Damansara Foresta, Persiaran Meranti, Bandar Sri Damansara, PJU 9, 52200 Kuala Lumpur
Residensi Pantai Sentral 2
No. 08-8, Residensi Pantai Sentral 2, Jalan Pantai Murni 7, off Jalan Pantai Dalam, Pantai Sentral, 59200 Kuala Lumpur
Residensi Hipster
No. B-43A-05, Block B, Residensi Hipster, No. 262, Jalan Desa, Taman Desa, 58100 Kuala Lumpur
Suasana Sentral Condominium
No. B-18-01, Suasana Sentral Condominium, No. 2, Jalan Stesen Sentral 5, Kl Sentral, 50470, Kuala Lumpur
Residensi Chambers
No. 1-02, Residensi Chambers (Residensi Kamar Putra), Jalan Ipoh Kecil, 50350 Kuala Lumpur
Menara UP
No. Suite 12-01, Menara UP, Jalan Puchong, 58200, 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.