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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The Scott Garden
No. S-2-53, The Scott Garden (Kompleks Rimbun Scott), 289, Jalan Kelang Lama, 58000 Kuala Lumpur
Tower 2
No. 2-13-08, Tower 2, Residensi Bintang Bukit Jalil, No. 1, Jalan Jalil Impian, Bukit Jalil, 57000 Kuala Lumpur
Pusat Komersial Jalan Kuching
No. D-3-6, Block D, Pusat Komersial Jalan Kuching, No. 115, Jalan Kepayang, Off Jalan Kuching, 51200 Kuala Lumpur
Menara Seni Cheras
No. C2-40-01, Menara Seni Cheras (Arte Cheras), Jalan Cheras, Taman Midah, 56000 Kuala Lumpur
PV20 Platinum Lake Condominium
No. A-13A-18, PV20 Platinum Lake Condominium, No. 5, Jalan Usahawan 2, Off Jalan Genting Klang, Setapak, 53200 Kuala Lumpur
Villa Pandan 4
No. 3A-1101, Level 11, Block 3A, Villa Pandan 4, Jln Pandan Indah 1/16, Pandan Indah, 55100 Kuala Lumpur
Vista Mutiara
No. A-17-15, Block A, Vista Mutiara, No. 2, Jalan Vista Mutiara 1, Off Jalan Kepong, 52000 Kuala Lumpur
PV2-Platinum Hill Condo
No. A-26-03, PV2-Platinum Hill Condo, No. 2, Jalan Taman Melati 1, Taman Melati Utama, 53100 Setapak, Kuala Lumpur
Idaman Putera Condominium
No. E-1-7, Block E, Idaman Putera Condominium, Jalan 6/21D. Medan Idaman, 53100 Kuala Lumpur
Wangsa 118
No. L12A-17, Wangsa 118, No. 8, Jalan Wangsa Delima, Wangsa Maju, 53300 Kuala Lumpur
Residensi Lot 7
No. C-3A-6, Residensi Lot 7 (Also Known As Seasons Garden), Jalan 1/27E, Seksyen 10, Wangsa Maju, 53300 Kuala Lumpur
Wisma Mutiara
No. 165-3-4, Wisma Mutiara, Sungai Besi, 50450, Kuala Lumpur
Wisma Mutiara
No. 165-4-4, Wisma Mutiara, Sungai Besi, 50450, Kuala Lumpur
Wisma Mutiara
No. 165-2-4, Wisma Mutiara, Sungai Besi, 50450, Kuala Lumpur
Wisma Mutiara
No. 165-5-4, Wisma Mutiara, Jalan Sungai Besi, 50450, Kuala Lumpur
Dover Park Sri Putramas Condominium
No. E-8-6, Dover Park Sri Putramas Condominium, Jalan Putramas 1, Off Jalan Kuching, 51200, Kuala Lumpur
Jalan 19/154
No. 22, Jalan 19/154, Taman Bukit Anggerik, 56000, Kuala Lumpur
Residensi Minest
No. A-26-02, Residensi Minest, Jalan Sinar Sentul 4, 51000 Sentul, Kuala Lumpur
Residensi M Arisa Pelangi
No. A-33A-18, Residensi M Arisa Pelangi, No. 6, Jalan Sentul Pelangi, 51000 Kuala Lumpur
KL Traders Square
Unit No. B-12-06, 12th Floor, Block B, KL Traders Square (KLTS), No. 99, Jalan Gombak, 53000, Kuala Lumpur
Puncak Sentul
No. A-35-06, Puncak Sentul (Sentul Point), Jalan Sentul Perdana, 51000 Kuala Lumpur
Anjung Hijau Apartment
No. D-5-1, Block D, Anjung Hijau Apartment, Jalan 1/155B, Bukit Jalil, 57000 Kuala Lumpur
Pelangi Kondominium
No. A-2-5, Pelangi Kondominium, Jalan Pelangi 9, Taman Pelangi, 51100 Kuala Lumpur
GCB Court
No. 332B-2J, GCB Court, Jalan Ampang, 50450 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.