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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Oakwood Park Sri Putramas Condominium
No. B-3A-06, Oakwood Park Sri Putramas Condominium, Jalan Putramas 1, Off Jalan Kuching, 51200 Kuala Lumpur
PV 12 Platinum Lake Condo
No. B-7-8, Blok B, PV 12 Platinum Lake Condo, Jalan Langkawi, 53300 Kuala Lumpur
Residensi Platinum Teratai
No. 29-05, Residensi Platinum Teratai, No, 2, Jalan Kuraman Setapak, 53000 Kuala Lumpur
Residensi Kamar Putra
No. 19-18, Residensi Kamar Putra, No. 2A, Jalan Ipoh Kecil, 50350 Kuala Lumpur
Taman Ehsan Kepong
No. 2309, Jalan E 5/13, Taman Ehsan Kepong, 52100 Kuala Lumpur
Westminster Park
No. D-9-3, Westminster Park, Sri Putramas Condominium, Jalan Putramas 1, Off Jalan Kuching, 52100 Kuala Lumpur
Tower B
No. B-28-03, Tower B, Astoria Ampang (Residensi Xtreme Meridian), Jalan Bemban, 55000 Kuala Lumpur
Parklane OUG Service Apartment
No. B1-7-2, Parklane OUG Service Apartment, Blok B1, No. 1, Jalan 1/152, Taman OUG Parklane, 58200 Kuala Lumpur
Residensi M Arisa Pelangi
No. B-47-03A, Residensi M Arisa Pelangi, Jalan Sentul Pelangi, 51000 Kuala Lumpur
The Annex @ Medan Connaught
No. 13-3A, The Annex @ Medan Connaught, Jalan 3/144A, 56000 Kuala Lumpur
Casa Prima
No. 23-3A, Casa Prima, Jalan Metro 2, Metro Prima, 52100 Kuala Lumpur
Apartment Seri Gembira
No. 2-7-2, Apartment Seri Gembira, Jalan Terolak 9, Taman Bamboo, 51200 Kuala Lumpur
Arte Cheras
No. C1-37-10, Arte Cheras, No. 689, Jalan Cheras, Taman Midah, Cheras, 56000 Kuala Lumpur
Residensi Vyne
No. D-21-03, Residensi Vyne, Jalan 1/108D, Sungai Besi, 57100 Kuala Lumpur
Parklane OUG Service Apartment Block C1
No. C1-7-10, Parklane OUG Service Apartment Block C1, No. 1, Jalan 1/152, Taman OUG Parklane, 58200 Kuala Lumpur
Menara 2
No. M2-19-2, Menara 2, Seri Melawati, Jalan Melawati 1, Taman Melawati, 53100 Kuala Lumpur
Tower A
No. A-20-13A, Tower A, The Scott Garden, Soho Kompleks Rimbun Scott Garden, No. 289, Jalan Klang Lama, 58200 Kuala Lumpur
Menara 2
No. BO1-A-15, Menara 2, No. 3, Jalan Bangsar, KL Eco City, 59200 Kuala Lumpur.
Lorong Mewah 10
No. 2, Lorong Mewah 10, Bandar Tun Razak, 56000 Cheras, Kuala Lumpur
Damai Hillpark
No. B-07-11, Damai Hillpark, Jalan 6/1F, Damai Hillpark, Bandar Damai Perdana, 56000 Cheras, Selangor
Tower C
No. C-31-06, Tower C, Residensi Duta Park, No. 11, Jalan Kuching, 51200 Kuala Lumpur
Royal Domain - Sri Putramas II
No. B1-22-06, Tingkat 22, Block B1, Royal Domain - Sri Putramas II, Jalan Putramas , Off Jalan Kuching, 51200 Kuala Lumpur
Rosvilla Kondominium
No. 06-3A, Rosvilla Kondominium, No. 2, Jalan Prima Pelangi, Bukit Prima Pelangi, 51200 Kuala Lumpur
Casa Desa Condominium
No. C-07-02, 7th Floor, Block C, Casa Desa Condominium, No.1 Jalan Desa Utama, Taman Desa, 58100 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.