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 Sri Damansara
No. B-10-5,10th Floor, Blok B, Menara Sri Damansara, Jalan Magosa SD 10/1E, 52200, Bandar Sri Damansara,Petaling Jaya, Selangor
Kuchai Avenue
No. 1-20-05, Block 1, Kuchai Avenue, Jalan Kuchai Maju 13, Kuchai Entrepreneurs Park, 58200 Kuala Lumpur
Residensi Semarak Platinum
No. B-11-13, Residensi Semarak Platinum (Splendor), Jalan Lestari, Kampung Padang Tembak, 54000 Kuala Lumpur
Regalia Service Apartment
No. C-31-09, Regalia Service Apartment, No. 2, Jalan Anjung Putra, Off Jalan Sultan Ismail, 50250 Kuala Lumpur
Dynasty Garden Condominium
No. B-2-6, Block B, Dynasty Garden Condominium, Jalan Kuchai Maju 12, Kuchai Entreprenuers Park, 58200 Kuala Lumpur
Kondo Casa Idaman
No. B-16-15, Blok B, Kondo Casa Idaman, Jalan 1/12d, Kampung Batu Muda, 51100 Kuala Lumpur
Residensi Vyne
No. D-19-03, Blok D, Residensi Vyne, Jalan 1/108D, Sungai Besi, 57100 Kuala Lumpur
Seasons Garden
No. C-28-3A, 28th Floor, Block C, Seasons Garden, Jalan 1/27E, Seksyen 10, Wangsa Maju, 53300 Kuala Lumpur
Pangsapuri Bayu Pandan Jaya
No. B-9-2A, Pangsapuri Bayu Pandan Jaya, Jalan Pandan 3/11, Pandan Jaya, 55100 Kuala Lumpur
Residensi PR1MA Jalan Jubilee
No. 12-21, Residensi PR1MA Jalan Jubilee, No. 7, Jalan Jubilee, Off Jalan Loke Yew, 55200 Kuala Lumpur
Pangsapuri Delima
No. J1-2-14, Pangsapuri Delima, Blok J1, Desa Pandan, Jalan Kampung Pandan, 55100 Kuala Lumpur
Ampang Tiga
No. A-29-18, Block A, Ampang Tiga, No. 6, Jalan Nipah, 55000 Kuala Lumpur
KL Traders Square
No. A-38-16, KL Traders Square, No. 99, Jalan Gombak, 53000 Setapak, Kuala Lumpur
Endah Regal Condominium
No. A-3-5, Endah Regal Condominium, Jalan 3/149E, Taman Seri Endah, 57000 Kuala Lumpur
Verve Suites
No. D-22-5, Verve Suites, Jalan Kiara 5, Mont Kiara, 50480 Kuala Lumpur
Residensi Ascenda
No. B-23A-05, Residensi Ascenda, Jalan Arena 1, Setapak, 53200 Kuala Lumpur
Residensi Kerinchi
No. 13-17, Residensi Kerinchi, No. 1, Lorong Kerinchi Kiri 1, 59200 Kuala Lumpur
Mentari Condo
No. C-12-4, Blok C, Mentari Condo, Jalan Tasik Permaisuri 3, Bandar Tun Razak, 56000 Cheras, Kuala Lumpur
Jalan J1
No. 27, Jalan J1, Taman Melawati, 53100 Kuala Lumpur
GCB Court
No. 332B-5, 5th Floor, GCB Court, Jalan Ampang, 50450 Kuala Lumpur
Fortune Avenue
No. D-5-1, Block D, Fortune Avenue, Jalan Metro Perdana 2, Taman Usahawan Kepong, 52100 Kepong, Kuala Lumpur
Residensi Xtreme Meridian
No. C-05-08, Block C, Residensi Xtreme Meridian, Astoria Ampang, Jalan Bemban, Ampang, 55000 Kuala Lumpur
Residensi Bandar Razak
No. D3-47-12, Residensi Bandar Razak, No. 1, Jalan Razak Mansion, Sungai Besi, 57100 Kuala Lumpur
Mercu Kenwingston
No. A-40-08, Mercu Kenwingston, No. 81, Jalan Gombak, 53000 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.