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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Plaza 138
No. 13A-03, Level 13A, Plaza 138, No. 138, Jalan Ampang, 50450 Kuala Lumpur
Sri Putramas Condominium
No. A-12-2, Blok A (Green Park), Sri Putramas Condominium, No. 1, Jalan Putramas 1, Off Jalan Kuching, 51200 Kuala Lumpur
28 Bouleverd
No. B-43-01, 28 Bouleverd, Jalan Perdana 3/10, Pandan Perdana, 55300 Kuala Lumpur
Sri Putramas II
No. A1-12-06, Block A1, Sri Putramas II, Jalan Putramas, Off Jalan Kuching, 51200 Kuala Lumpur
Residensi Kamar Putra
No. 13A-08, Residensi Kamar Putra, No. 2A, Jalan Ipoh Kecil, 50350 Kuala Lumpur
Jalan Nilam
No. F-92, Jalan Nilam, Taman Perwira, 53100 Kuala Lumpur
Jalan AU 5D/9
No. 9, Jalan AU 5D/9, Lembah Keramat, Kuala Lumpur
Jalan Dato Senu 32
No. 48, Jalan Dato Senu 32, Taman Sentul Jaya, 51000 Kuala Lumpur
Taman Desa Jaya
No. 7, Jalan 52, Taman Desa Jaya, 52100, Kepong, Selangor
Bistari Condominium
No. 107-21-3A, Bistari Condominium, Jalan 1/64D, Off Jalan Putra, 50350 Kuala Lumpur
Residensi Riverville
No. A-05-3A, 5th Floor, Block A, Residensi Riverville, No. 6, Jalan Taman Sri Sentosa, Taman Sri Sentosa, 58000 Kuala Lumpur
Kondominium Mulberi
No. 13A-07, Kondominium Mulberi, No. 3, Jalan 5/38E, Taman Sri Sinar, 51200 Kuala Lumpur.
Residensi Skysanctuary 1
No. B-36-03A, Residensi Skysanctuary 1 (Edgewood Residences), No. 2, Jalan Santuari 1, Setapak, 53200 Kuala Lumpur
Residensi Hijauan Bukit Jalil
No. B-L18-06, Residensi Hijauan Bukit Jalil, No. 7, Jalan Jalil Perwira 2, Bukit Jalil, 58200 Kuala Lumpur
Astoria Ampang
No. D-26-03, Astoria Ampang, Jalan Bemban, Off Jalan Ampang, 55000 Kuala Lumpur
Menara UP
No. 16-01, Menara UP, Jalan Puchong, 58200 Kuala Lumpur
Savanna Seri Maya
No. D-31-02, Savanna Seri Maya, Dato Keramat Hujung, 54200, Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur
Endah Promenade-Blok C
No. C-9-2, Endah Promenade-Blok C, Jalan 3/149E, Taman Sri Endah, 57000 Kuala Lumpur
Jalan Mega 15
No. 54, Jalan Mega 15, Taman Mega Jaya, 56100 Ampang, Selangor
M-City
No. 1-27-05, M-City, Jalan Ampang, 50450 Kuala Lumpur
Sri Putramas II
No. B1-23-08, Block B1, Sri Putramas II, Jalan Putramas, Off Jalan Kuching, 51200 Kuala Lumpur
Ativo Suites
No. A-17-6, Block A, Ativo Suites, No. 1, Jalan PJU 9/1, Damansara Avenue, Bandar Sri Damansara, 52200, Kuala Lumpur
Kondominium Veo Melawati
No. A-17-6, 17th Floor, Block A, Kondominium Veo Melawati, No. 1, Jalan Melati Kuarza 2, KL Timur, 53100 Kuala Lumpur
Pandan Puteri
No. R2-2-4, Pandan Puteri, Jalan Pandan Indah 6/10, Pandan Indah, 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 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.