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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Putra Majestiik
No. B-12-7, Block B, Putra Majestiik, Jalan Kasipillay, 51200, Kuala Lumpur
Abadi Villa Condo
No. B-22-6, No. 4 Jalan 2/109c, Abadi Villa Condo, Block B, Off Jalan Kelang Lama, Taman Abadi Indah, 58100 Kuala Lumpur
Desa Dua Apartment Lorong D 1/5
No. 3-10-n, Desa Dua Apartment Lorong D 1/5, Desa Aman Puri, 52100, Kuala Lumpur
Pangsapuri Sri Penara
No. C-16-21, 16th Floor, Block C, Pangsapuri Sri Penara, Jalan Sri Permaisuri 1, Bandar Sri Permaisuri, 56000, Kuala Lumpur
Desa Pandan
No. A7-4-4, Block A7, Jalan 2/76A, Desa Pandan , Jalan Kampung Pandan, 55100, Kuala Lumpur
Putra Villa Condominium
No. A-15-16, Putra Villa Condominium, No 1, Jalan Terminal Putra, Taman Melati, 53100 Kuala Lumpur
Residensi Jalil Idaman @ Twin Arkz
No. B-30-02, No. 3, Residensi Jalil Idaman @ Twin Arkz, Jalan Jalil Perkasa 1, Bukit Jalil, 57000 Kuala Lumpur
Sungai Wang Plaza
No. T076, Sungai Wang Plaza, Jalan Sultan Ismail, 55100 Kuala Lumpur
231TR Service Suites
No. Unit 09-03, 231TR Service Suites, No. 231, Jalan Tun Razak, 50400, Kuala Lumpur
Paradesa Tropica
No. 301, Block A, Paradesa Tropica, Persiaran Meranti, Pju 9, Bandar Sri Damansara, 52200, Petaling Jaya, Selangor
Altitude 236 Condominium
No. 31-6, Altitude 236 Condominium, Jalan Alam Damai, Alam Damai, 56000, Kuala Lumpur
Jalan 5/38c
No. 29, Jalan 5/38c, Taman Sri Kepong Baru, 52100, Kuala Lumpur, Kuala Lumpur
Jalan 9
No. D-26-03A, 26th Floor, Block D, Residensi Majestic Maxim, Jalan 9, Taman Bukit Cheras, 56000 Kuala Lumpur
Tower C
No. C-32-03A, Tower C, Maxim Citylights Sentul, Jalan Sentul Perdana, Setapak, 51000 Kuala Lumpur
Rampai Court Apartment
No. 30, Blok I, Rampai Court Apartment, Jalan 35/26, Taman Sri Rampai, 53300 Kuala Lumpur
Cheras Business Centre Jalan Cheras
No. 27-4-2, Jalan 3/101C, Cheras Business Centre Jalan Cheras, 56100 Cheras, Kuala Lumpur
Ppr Seri Pantai
No. 102-9-24, Ppr Seri Pantai, Block 102, Jalan Pantai Dalam, 59200, Kuala Lumpur
Desa Sri Puteri
No. A-23-1, Block A, Desa Sri Puteri, No. 6, Jalan 1/125G, Desa Petaling, 57100 Kuala Lumpur
Persiaran Burhanuddin Helmi
No. 23, Persiaran Burhanuddin Helmi, Taman Tun Dr Ismail, 60000, Kuala Lumpur
Taman Tun Dr Ismail
GRN 55942, Lot 55113, Taman Tun Dr Ismail, Taman Tun Dr Ismail, 60000 Kuala Lumpur
Jalan 12/152
No. 38, Jalan 12/152, Jalan Puchong, Taman Perindustrian Oug, Batu 6, 58200, Kuala Lumpur
Residensi Vyne Sungai Besi
No. D-9-3, Residensi Vyne Sungai Besi, No. 8, Jalan 1/108D, Sungai Besi, 57100 Kuala Lumpur
Residensi Vyne
No. D-17-03, Residensi Vyne, No. 8 Jalan 1/108D, Sungai Besi, 57100 Kuala Lumpur
Menara Polo
No. H2-11-6, Tingkat 11, Jalan 2/76e, Menara Polo, Desa Pandan, 55100, 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.