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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Tower A
No. A-11-5, Tower A, Mutiara Upper East Ampang Condominium, No. 39, Jalan 1/76E, Desa Pandan, 55100 Kuala Lumpur
Taman Kepong
No. 2, Jalan 2, Taman Kepong, 52100 Kuala Lumpur
Casa Kiara II Condominium
No. 3A-3, Casa Kiara II Condominium, No. 14, Jalan Kiara 5, Mont' Kiara, 50480 Kuala Lumpur
Residensi Duta Park
No. A-38-01, Block A, Residensi Duta Park, No. 11, Jalan Kuching, 51200 Kuala Lumpur
Midfields Condominium Sungai Besi
No. B2-20-1, Blok B2, Midfields Condominium Sungai Besi, Jalan Besi Kawi, Off Lebuhraya Sungai Besi 57100 Kuala Lumpur
Jalan Belangkas
No. 8, Jalan Belangkas, Kampung Pandan, 55100 Kuala Lumpur
Royal Tower
No. 19-1-4, Royal Tower, Mont' Kiara Palma, Jalan Kiara, Mont' Kiara, 50480 Kuala Lumpur
Residensi Agile Delima
No. C-12-01, Residensi Agile Delima, Jalan Delima, Bukit Bintang, 55100 Kuala Lumpur
Residensi Vivo
No. A-36-06, Residensi Vivo, 9 Seputeh, Off Jalan Klang Lama, 58000 Kuala Lumpur
Apartment Service J. Dupion
No. B-12-03, Apartment Service J. Dupion, No. 1, Jalan Sembilang, Taman Tenaga, Cheras, 56000 Kuala Lumpur
The Scott Garden
No. 3-43, The Scott Garden (Kompleks Rimbun Scott), No. 289, Jalan Kelang Lama, 58000 Kuala Lumpur
Jalan Tasik Selatan 15
No. 55, Jalan Tasik Selatan 15, Bandar Tasik Selatan, 57100 Kuala Lumpur
Taman Petaling
No. 455, Jalan 26/39, Taman Petaling, Kepong Baru, 52100 Kuala Lumpur
Residensi Vyne Sungai Besi
No. C-08-08, Block C, Residensi Vyne Sungai Besi, No. 8, Jalan 1/108D, Sungai Besi, 57100 Kuala Lumpur
Jalan Hilir 4
No. 45, Jalan Hilir 4, Taman Sri Angsana Hilir, 55100 Kuala Lumpur
Residensi Dedaun Mas
No. B-18-06, Residensi Dedaun Mas (D'Ivo Residences), No. 411, Jalan Klang Lama, 58000 Kuala Lumpur.
Residensi KM1 - Blok B
No. B-03A-01, Residensi KM1 (West)- Blok B, Jalan Jalil Perkasa 1, 57000 Bukit Jalil, Kuala Lumpur
Pantai Sentral
No. 37-7, No. 6, Jalan Pantai Murni 7, Pantai Sentral, Residensi Pantai Sentral 1, 59200 Kuala Lumpur
Jalan Bukit Setiawangsa 2
No. 8, Jalan Bukit Setiawangsa 2, Taman Setiawangsa, 54200 Kuala Lumpur
Kenanga Wholesale City
No. 5-23, Kenanga Wholesale City, Jalan Gelugor, 55200 Kuala Lumpur
Jalan Damai Bakti 3
No. 54, Jalan Damai Bakti 3, Alam Damai, Cheras, 56000 Kuala Lumpur
Residensi Lavile
No. A2-11-10, Residensi Lavile, No. 5, Lorong Peel, Taman Maluri, 55100 Kuala Lumpur
Pangsapuri Richmond Kiara 3
No. 13A-1, 14th Floor, Pangsapuri Richmond Kiara 3, Jalan Kiara 3, Mont Kiara, 51200 Kuala Lumpur
Kenanga Wholesale City
No. 5-38, 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.