2033 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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Pusat Korporat Melawati
No. C-3-1, Lobi C, Pusat Korporat Melawati, Taman Melawati, 53100 Kuala Lumpur
Residensi Hampton Damansara
No. B-17-01, Residensi Hampton Damansara, No. 2, Persiaran Tecoma, Country Heights Damansara, 60000 Kuala Lumpur
Kampung Pandan Dalam
No. SA35-G, Lorong Pandan Pertama 3, Kampung Pandan Dalam, 55100 Ampang, Selangor
Tropika Bukit Jalil
No. C-13A-2, Tropika Bukit Jalil, No. 2, Jalan Jalil Perkasa 3, Bukit Jalil, 57000 Kuala Lumpur
Setia Sky Residences
No. B-17-5, Setia Sky Residences, No. 76, Jalan Raja Muda Abdul Aziz, Off Jalan Tun Razak, 50300 Kuala Lumpur
Suite Sentral
No. 2-29-8, Suite Sentral, No.248, Jalan Tun Sambanthan, Kuala Lumpur Sentral, 50470 Kuala Lumpur
Menara Permata Damansara
No. 16-5, Menara Permata Damansara, Jalan Damansara, 60000 Kuala Lumpur
Jalan 6/42A
No. 1, Jalan 6/42A, Taman Sejahtera, 51200 Kuala Lumpur
Residensi Agile Delima
No. C-10-3A, Residensi Agile Delima, Jalan Delima, Bukit Bintang, 55100 Kuala Lumpur
Kompleks Kenanga Wholesale City
No. 1-53A, Kompleks Kenanga Wholesale City, No. 2, Jalan Gelugor, 55200 Kuala Lumpur
15th Floor
No. A-15-05, 15th Floor, Brunsfield Embassyview, 273, Jalan Ampang, 50450 Kuala Lumpur.
Residensi Park Bukit Jalil
No. A-22-07, Residensi Park Bukit Jalil, Persiaran Jalil Utama, Bandar Bukit Jalil, 57000 Kuala Lumpur
Jalan Sri Hartamas 2
No. 173B, Jalan Sri Hartamas 2, Taman Sri Hartamas, 50480 Kuala Lumpur
G Residence
No. A-15-13, Block A, G Residence, Jalan Desa Pandan, Desa Pandan, 55100 Kuala Lumpur
Jalan Hujan Abu 5
No. 6, Jalan Hujan Abu 5, Taman Overseas Union, 58200 Kuala Lumpur
Menara Inspirasi
No. A-41-05, Menara Inspirasi, No. 30, Jalan 1/65A, Off Jalan Tun Razak, 50400 Kuala Lumpur
Jalan Pria 1
No. 18, Jalan Pria 1, Taman Maluri, 55100 Kuala Lumpur
Bangsar Hill Park
No. E-28-3A, Bangsar Hill Park, Taman Bukit Bangsar, 27, Lorong Maarof, Bangsar, 59000 Kuala Lumpur
Plaza KLTS
No. 28-2, Plaza KLTS, Block B, Jalan Gombak, Setapak, 53000 Kuala Lumpur
The Mews
No. A-13A-2, The Mews, Jalan Yap Kwan Seng, 50450 Kuala Lumpur
Kompleks Kenanga Wholesale City
No. 2-22, Aras 2, Kompleks Kenanga Wholesale City, Jalan Gelugor, 55200, Kuala Lumpur
Jalan Wangsa 1/8
No. 60, Jalan Wangsa 1/8, Taman Wangsa Permai, 52200 Kuala Lumpur
Royal Domain Sri Putramas 11 Condominium
No. A2-08-07, Royal Domain Sri Putramas 11 Condominium, No. 1 Jalan Putramas, 51200 Kuala Lumpur
Menara Sentral Vista
No. L6-11, Menara Sentral Vista, No. 150, Jalan Sultan Abdul Samad, Brickfields, 50470 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 2033 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.