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.
Browse by Region
Browse by Property Type
Jalan 3/62A
No. 77-3, Jalan 3/62A, 52200 Bandar Menjalara, Kuala Lumpur
Ampang Tiga
No. A-41-07, Ampang Tiga, No. 6, Jalan Nipah, Ampang, 55000 Kuala Lumpur
Residensi PR1MA Alam Damai
No. B4-32-05 (on-site is Blok B4), Residensi PR1MA Alam Damai, No. 8, Persiaran Bistari Alam Damai Cheras, 56000 Kuala Lumpur
Lorong Pandan Tambahan 2
No. 9, Lorong Pandan Tambahan 2, 55100, Kuala Lumpur
Residensi Awani 3
No. C-39-07, Block C, Residensi Awani 3 (sky Awani III Residence), No. 2, Jalan Santuari 2, 53200, Setapak, Kuala Lumpur
Ayuman Suites
No. A-18-08, Jalan Sentosa 2, Ayuman Suites, 53100 Gombak, Selangor
Arte+ @ Jalan Ampang
No. T1-39-06, Arte+ @ Jalan Ampang, No. 3, Lorong Ampang 1, 55000 Kuala Lumpur
Nadayu 63
No. B-12-19, Nadayu 63, Jalan Melawati 8, Taman Nadayu, 53100 Kuala Lumpur
Residensi Awani II
No. A-32-09, Residensi Awani II (SkyAwani 2), No. 1A, Jalan 2/12, Kampung Batu Muda, 51100 Kuala Lumpur
Residensi Pandanmas 2
No. D-28-06, Residensi Pandanmas 2, Lorong Delapan, Kampung Pandan, 55100 Kuala Lumpur.
Laman Seri Harmoni
No. B-09-09, Laman Seri Harmoni (Lsh33) No. 3, Jalan Batu Muda Tambahan 3, 51100 Sentul, Kuala Lumpur
Residensi Max Kolam Air
No. A-32-13, Residensi Max Kolam Air No. 61, Jalan Kolam Air 6, Kasipillay, 51200 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.