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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Kuchai Brem Park
No. 02-01-10, Kuchai Brem Park, Block B, Jalan Selesa 2, Taman Gembira, 58200 Kuala Lumpur
Wangsa Maju
No. 402, Blok B4, Wangsa Maju, Seksyen 2, 53300 Kuala Lumpur
Pusat Perdagangan Sri Damansara
No. C-3A-1, Blok C, Jalan Persiaran Industri SD 5, Pusat Perdagangan Sri Damansara, 52200 Petaling Jaya, Selangor
3rd Floor
No. RP1-1-70, 3rd Floor, Block RP 1, Taman Lembah Maju, Jalan Maju Utama, 56100 Kuala Lumpur
Desa Satu Apartment
No. DS7-10-W, Block 7, Desa Satu Apartment, Off Lorong D1/5, Desa Aman Puri, 52100, Kepong, Selangor
Taman Pusat Kepong
No. 30-3, Jalan 5/40, Taman Pusat Kepong, 51200 Kuala Lumpur
Jalan Gombak
Lot 1189, Off Jalan Gombak, Kampong Sungai Chinchin, 9th Mile, 53100, Ulu Gombak, Selangor
Aman Dua Apartment
No. AD1-12-l, Aman Dua Apartment, Desa Aman Puri, 52100, Kuala Lumpur
Cheras Business Centre Jalan Cheras
No. 27-4-2, Jalan 3/101C, Cheras Business Centre Jalan Cheras, 56100 Cheras, Kuala Lumpur
Jalan Margosa Sd 10/6a
No. 1, Jalan Margosa Sd 10/6a, 52200, Bandar Sri Damansara, Kuala Lumpur
Jalan Bukit Permai 2/1
No. 39, Jalan Bukit Permai 2/1, Taman Bukit Permai 2, 56100 Cheras, Kuala Lumpur
Pangsapuri Sri Penara
No. B-08-07, Blok B, Pangsapuri Sri Penara, Jalan Sri Permaisuri 1, Bandar Sri Permaisuri, 56000, Kuala Lumpur
Desa Aman Puri
No. 3-32c, 2, Jalan Desa 2/4, Desa Aman Puri, 52100, Kepong, Selangor
Kompleks Kenanga Wholesale City
No. 2-55, Kompleks Kenanga Wholesale City, Jalan Gelugor, 55200 Kuala Lumpur
Bandar Putera
No. 13, Bandar Putera, Kebun Nenas 2H/KS07, 51200 Klang, Selangor
Jalan Cahaya 3
No. 3, Villa Laman Cahaya, Jalan Cahaya 3, Off Jalan Datuk Sulaiman, 60000, Kuala Lumpur
Hartamas Regency 2
No. A-12-1, Hartamas Regency 2, Jalan Duta Hartamas, Off Persiaran Dutamas, 504840 Kuala Lumpur
Seputih Permai Condominium
No. P1-B-2, Seputih Permai Condominium, Jalan Taman Seputeh, Taman Seputeh, 58000 Kuala Lumpur
Kompleks Kenanga Wholesale City
No. 1-62, Kompleks Kenanga Wholesale City, No. 2, Jalan Gelugor, 55200 Kuala Lumpur
Kompleks Kenanga Wholesale City
No. 3-53A, Kompleks Kenanga Wholesale City, No. 2, Jalan Gelugor, 55200 Kuala Lumpur
Invito Hotel / One @ Bukit Ceylon
No. 16-01, Invito Hotel / One @ Bukit Ceylon, No. 1 Hotel Bukit Ceylon, Lorong Ceylon, 50200 Kuala Lumpur
The Annex @ Medan Connaught
No. 15-8, The Annex @ Medan Connaught, Jalan 3/144A, 56000 Kuala Lumpur
Residensi Mizuni
No. E-25-12, Residensi Mizuni, No. 3, Persiaran Metro Perdana, Taman Metropolitan Kepong, 52100 Kuala Lumpur
Residensi Pr1ma Alam Damai
No. A4-39-05, Block A4, Residensi Pr1ma Alam Damai, Persiaran Bistari, Alam Damai, 56000, 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.