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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Residensi Lot 7
No. D-28-11, Residensi Lot 7(On-Site Seasons Garden Residences), Jalan 1/27E, Seksyen 10, Wangsa Maju, 53300 Kuala Lumpur
The Scott Garden SOHO
No. B-06-33A, Blok B, The Scott Garden SOHO, Jalan Klang Lama, 58100 Kuala Lumpur
Central Residence @ Suria Sungai Besi
No. A-27-10, Block A, Central Residence @ Suria Sungai Besi, Jalan Sungai Besi, 57100 Kuala Lumpur
Tiara Mutiara
No. 9-28, Tiara Mutiara, No. 139, Jalan Puchong, 58200 Kuala Lumpur
Casa Idaman
No. A-11-10, Casa Idaman, No. 5, Jalan 1/12D, Kampung Batu Muda, 51100 Kuala Lumpur
The Scott Garden Soho Blok C
No. C-20-03, The Scott Garden Soho Blok C, Kompleks Rimbun Scott Garden, Jalan Klang Lama, 58000 Kuala Lumpur
Parklane OUG Service Apartment
No.B1-19-9, Block B1, Parklane OUG Service Apartment, No.1, Jalan 1/152, Taman OUG Parklane, 58200 Kuala Lumpur
The Lumayan Apartment
No. B-10-19, Block B, The Lumayan Apartment, No. 12, Jalan Tasik Permaisuri 2, Bandar Tun Razak, 56000 Kuala Lumpur
Residensi PR1MA Alam Damai
No. B4-06-02, Residensi PR1MA Alam Damai, Psn Bistari, Alam Damai, 56000 Kuala Lumpur
Residensi PR1MA Alam Damai
No. B3-25-02, Residensi PR1MA Alam Damai, Persiaran Bistari Alam Damai, 56000 Kuala Lumpur
The Elements @ Ampang
No. B-37-08, The Elements @ Ampang, No. 5, Jalan Bemban, Off Jalan Ampang, 55000 Kuala Lumpur.
Sri Putramas II
No. A2-13-03, Block A2, Sri Putramas II, No. 1, Jalan Putramas, Off Jalan Kuching, 51200 Kuala Lumpur
Regalia Service Apartments
No. C-28-09, Block C, Regalia Service Apartments, No. 2, Jalan Anjung Putra, Off Jalan Sultan Ismail, 50250 Kuala Lumpur
Anjung Hijau Apartment
No. D-07-09, Block D, Anjung Hijau Apartment (Greenfields), Jalan Jalil Perkasa 1 (formerly Jalan 1/115B), 57000 Bukit Jalil, Kuala Lumpur
Damai Hillpark
No. B-19-09, Block B, Damai Hillpark, Jalan Damai Perdana 6/1F, Bandar Damai Perdana, 56000 Cheras, Selangor
Menara Duta 2
No. B-13A-6, Menara Duta 2, Jalan Dutamas Raya, Segambut, 51200 Kuala Lumpur
Vista Komanwel
No. A-13-4, Blok A, Vista Komanwel, Jalan Jalil Perkasa 19, Bukit Jalil, 57000 Kuala Lumpur
Residensi Dorsett Sri Hartamas
No. D-19-08, Residensi Dorsett Sri Hartamas, No. 63, Jalan Sri Hartamas 1, Taman Sri Hartamas, 50480 Kuala Lumpur
Residensi M Centura
No. A-12-03, Block A, Residensi M Centura, No. 17, Jalan Sentul Perdana, Setapak, 51000 Kuala Lumpur
Kenanga Wholesale City
No. 3A-76, 4, Kenanga Wholesale City, No. 2, Jalan Gelugor, 55200 Kuala Lumpur
Desa Green Serviced Apartments
No. 2-22-9, Desa Green Serviced Apartments, (Kompleks Hijauan Desa), Jalan Desa Bakti, 58000 Kuala Lumpur
Regalia Service Apartment
No. B-20-07, Blok B, Regalia Service Apartment, Jalan Anjung Putra,, Off Jalan Sultan Ismail, 50250, Kuala Lumpur
Endah Promenade
No. B-3-3A, Jalan 3/149E, Endah Promenade, No. 5, Taman Sri Endah, 57000 Sri Petaling, Kuala Lumpur
Parklane OUG Service Apartment
No. E1-10-01, Block E1, Parklane OUG Service Apartment, No. 1, Jalan 1/152, Taman OUG Parklane, 58200 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.