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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Platinum Hill Condominium
No. C-12-3, PV6, Platinum Hill Condominium, Jalan Melati Utama, Taman Melati Utama, 53100, Kuala Lumpur
Sungai Wang Plaza
No. T077, Sungai Wang Plaza, Jalan Sultan Ismail, 55100 Kuala Lumpur
Jalan Taman Melati 2
No. 14, Jalan Taman Melati 2, Taman Melati, 53100, Kuala Lumpur
Menara Sri Damansara
No. B-10-5, 10th Floor, Blok B, Menara Sri Damansara, Jalan Magosa SD 10/1E, 52200, Bandar Sri Damansara,petaling Jaya, Selangor
Endah Regal Condominium
No. C-18-3, Block C, Endah Regal Condominium, Jalan 3/149E, Taman Sri Endah, 57000, Kuala Lumpur
Endah Ria Condominium
No. D-13-2, Endah Ria Condominium, Jalan 3/149e, Taman Sri Endah, 57000, Kuala Lumpur
Menara Menjalara
No. C-4-4, 4th Floor, Block C, Menara Menjalara, Jalan 1/62B, Bandar Menjalara, 52200 Kuala Lumpur
Abadi Indah Kondo
No. 51-3-1, Abadi Indah Kondo, Jalan 3/109C, Taman Abadi Indah, 58100, Kuala Lumpur
Taman Sri Endah
No. 5-4-15, Block 5, Jalan 5/149B, Taman Sri Endah, 57000 Kuala Lumpur
Jalan Puncak Penchala
No. 6 (Lot 55079 & Lot 55080), Jalan Puncak Penchala, Puncak Penchala, Off Jalan Penchala Link, 60000 Kuala Lumpur
Tower C
No. C-21-08, Tower C, Megan Legasi @ Millerz Square, No. 357 Jalan Kelang Lama, 58000, Kuala Lumpur
Abadi Villa Condo
No. B-15-2, Abadi Villa Condo (blok B), Jalan 2/109c, Taman Abadi Indah, 58100, Kuala Lumpur
The Goodwood Residence
No. B-40-3A, The Goodwood Residence, No. 8, Jalan Kerinchi Kanan, Bangsar South, 59200 Kuala Lumpur
Jalan Mutiara
No. 7A, Jalan Mutiara, Gombak Setia, 53100, Kuala Lumpur
Jalan F14
No. 500, Jalan F14, Taman Melawati, 53100, Kuala Lumpur
Damansara Suria Apartment
No. B-06-15, Blok B, Damansara Suria Apartment, Taman Kip, Kepong, 52100, Kuala Lumpur
Vista Kiara Condominium
No. B-18-7, Vista Kiara Condominium, No. 7, Jalan Kiara 3, Mont' Kiara, 50480 Kuala Lumpur
Residensi Skymeridien
No. A-21-11, Residensi Skymeridien, No. 1, Jalan 1/48A, Sentul Timur, 51000 Kuala Lumpur
Vila Kristal
No. A-28-03A, Vila Kristal, Jalan 6/38a, Taman Sri Sinar, Segambut, 51200 Kuala Lumpur
Kondo Villa Angsana
No. B-9-2, 9Th Floor, Block B, Kondo Villa Angsana, Jalan Krian, Taman Rainbow, 51100 Kuala Lumpur.
Jalan 3/60C
No. 62, Jalan 3/60C, Taman Segambut Muda, 51200 Kuala Lumpur
Jalan TC 1/7
No. 45, Jalan TC 1/7, Taman Cemerlang, 53100 Kuala Lumpur
Bam Villa
No. 42B-5-2, Bam Villa, Jalan Pria, Taman Maluri, 55100 Kuala Lumpur
Citizen @ Old Klang Road
No. B-13-8, Blok B, Citizen @ Old Klang Road (Residensi Nusantara Petaling), Jalan Nusantara Petaling, 58000 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.