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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Menara Polo
No. H6-0-5, Menara Polo, Jalan 2/76E, Desa Pandan, 55100 Kuala Lumpur
Residence 8 Condominium
No. B-12-03A, Block B, Residence 8 Condominium, No. 8, Jalan Sri Jati 3, 58200 Kuala Lumpur
Residensi 357 Setapak
No. A-19-02, Residensi 357 Setapak, No. 2A, Lorong 2/23D, 53300 Setapak, Kuala Lumpur
Residensi Hijauan Bukit Jalil
No. C-L27-01, Residensi Hijauan Bukit Jalil, No. 7. Jalan Jalil Perwira 2, Bukit Jalil, 58200 Kuala Lumpur
Menara A
No. A-37-03, Menara A, Datum Jelatek, 55000 Kuala Lumpur
Regalia Service Apartment
No. C-29-10, Block C, Regalia Service Apartment, Jalan Anjung Putra, Off Jalan Sultan Ismail, 50250 Kuala Lumpur
Residensi Bandar Razak
No. D1-45-11, 45th Floor, Block D1, Residensi Bandar Razak, No. 1, Jalan Razak Mansion, Sungai Besi, 57100 Kuala Lumpur
Vista Magna
No. 10-11-2, Block F, Vista Magna, Jalan Prima 1, Metro Prima, 52100 Kuala Lumpur
Residensi M Luna
No. B-09-12, Residensi M Luna, No. 888, Jalan Lingkaran Tengah 2 (MRR2), 52100 Kepong, Kuala Lumpur
188 Suites
No. A-08-05, 188 Suites, No. 10, Jalan Cendana, 50250 Kuala Lumpur
Parkview Service Apartment
No. 33-2, 33th Floor, Parkview Service Apartment, No. 5, Changkat Perak, Off Lorong Perak, 50250 Kuala Lumpur
Condo Bukit Cheras
No. A2-3-8, Blok A2, Condo Bukit Cheras, Jalan Bukit Cheras 18, Taman Bukit Cheras, 56000 Kuala Lumpur
Residensi Rimba Pantai Dalam
No. A-12-18, Residensi Rimba Pantai Dalam (Cubic Botanical), No. 6, Jalan Pantai Sentral 3, Pantai Dalam, 59200 Kuala Lumpur
Residensi SkySierra
No. C-40-07, Residensi SkySierra, No. 12, Jalan Taman Setiawangsa, Taman Setiawangsa, 54200 Kuala Lumpur
Residensi Altris
No. A-15-03, Residensi Altris, No. 3, Jalan Wangsa Kuarza, Wangsa Maju, 53300 Kuala Lumpur
Kondominium Villa Scott
No. 33-27-9, Kondominium Villa Scott, Jalan Scott, Brickfields, 50470 Kuala Lumpur
Central Residence @ Suria Sungai Besi
No. B-15-3A, Central Residence @ Suria Sungai Besi, Jalan Sungai Besi, 57100 Kuala Lumpur
Residensi Parkhill
No. D-32-10, Residensi Parkhill, No. 12, Lebuhraya Bukit Jalil, Bukit Jalil, 57000 Kuala Lumpur
Residensi 333 Kepong
No. 13-9, Residensi 333 Kepong, No 8, Jalan Vista Mutiara 1, 52000 Kuala Lumpur
M-City Ampang
No. 3-21-03, M-City Ampang, No. 326, Jalan Ampang, 50450 Kuala Lumpur
Residensi Bandar Razak
No. D2-45-01, Block D2, Residensi Bandar Razak, No. 1, Jalan Razak Mansion, Sungai Besi, 57100 Kuala Lumpur
Arte Cheras
No. C2-10-02, Arte Cheras, No. 689, Jalan Cheras, Taman Midah, 56000 Cheras, Kuala Lumpur.
Gurney Heights Condominium
No. B-19-4, Block B, Gurney Heights Condominium, Jalan Bukit Keramat, 54000 Kuala Lumpur
The Vistana Condominium
No. 23-B3, The Vistana Condominium, No. 32, Jalan Taiping, 50400 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.