2069 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 Rampai II
No. B-23A-5, Residensi Rampai II, No. 2, Jalan Rejang 15, Setapak, 53300 Kuala Lumpur
Residensi M Astra
No. A-39-15, Residensi M Astra, No. 1, Jalan Usahawan 6, 53200 Setapak, Kuala Lumpur
KLTS
No. D-9-11, Block D, KLTS, No.99, Jalan Gombak, Setapak, 53000 Kuala Lumpur
6th Floor
No. C-6-4, 6th Floor, Block C, Warisan Cityview, Jalan 3/93A, Off Batu 2 1/2, Jalan Cheras, 56100, Kuala Lumpur
Anjung Villa Condominium
No. A-1-11, Anjung Villa Condominium, No. 47, Jalan 1/48A, Sentul Perdana, Bandar Baru Sentul, 51000 Kuala Lumpur
Pangsapuri Servis Desa Sentul
No. 22-10, Pangsapuri Servis Desa Sentul, No. 10, Jalan Sentul Perdana, Sentul 51000 Kuala Lumpur
Menara UP
No. 15-03, Menara UP, No. 60, Jalan Puchong, 58200 Kuala Lumpur
Residensi M Arisa Pelangi
No. A-50-02, Residensi M Arisa Pelangi, No. 6, Jalan Sentul Pelangi, 51000 Kuala Lumpur
188 Suites
No. B-36-03, 188 Suites, No. 10 Jalan Cendana, 50250 Kuala Lumpur
Pangsapuri Damai Vista
No. B-17-06, Block B, Pangsapuri Damai Vista, Jalan Damai Perdana 1/1, 56000, Kuala Lumpur
Residensi Bandar Razak
No. D3-48-9, Residensi Bandar Razak, No. 1, Jalan Razak Mansion, Sungai Besi, 57100 Kuala Lumpur
Suite Dex
No. A-21-07, Suite Dex (Menara A), No. 7, Jalan 3/18A, Taman Mastiara, 51200 Kuala Lumpur
Tower 1
No. A-15-03, Tower 1 (Block A), 188 Suites, Jalan Cendana, 50250 Kuala Lumpur
Residensi Max Kolam Air
No. B-13-10, Block B, Residensi Max Kolam Air, No. 61, Jalan Kolam Air 6, Kasipillay 51200 Kuala Lumpur
Tower D
No. D-15-13, Tower D, Bangsar Trade Centre (Plaza Pantai), Off Jalan Pantai Baru, 59200 Kuala Lumpur
Parklane OUG Service Apartment
No. C1-8-11, Block C1, Parklane OUG Service Apartment, Jalan 1/152, Taman OUG Parklane, 58200 Kuala Lumpur
Residensi Minest
No. A-19-12, Block A, Residensi Minest, Jalan Sinar Sentul 4, Sentul, 51000 Kuala Lumpur
Pangsapuri Lestari
No. A-7-09, 7th Floor, Block A, Pangsapuri Lestari, Jalan Tasik Permaisuri 3, Bandar Sri Permaisuri, 56000 Kuala Lumpur
The Elements @ Ampang
No. B-15-12, Block B, The Elements @ Ampang, No. 5, Jalan Bemban Ampang, Off Jalan Ampang, 55000 Kuala Lumpur
Menara Montena
No. 13-3A, Menara Montena, No. 1a, Jalan Damai Purnama, Alam Damai, 56000 Kuala Lumpur
Pangsapuri Damai Vista
No. B-13-02, Pangsapuri Damai Vista, Jalan Damai Perdana 1/1, Bandar Damai Perdana, 56000, Kuala Lumpur
The Scott Garden
No. C-13A-33, Block C, The Scott Garden, No. 289, Jalan Klang Lama, 58000 Kuala Lumpur.
Parklane OUG Service Apartment
No. E1-23A-2, Block E1, Parklane OUG Service Apartment, Jalan 1/152, Taman OUG Parklane, 58200 Kuala Lumpur
The Scott Garden
No. B-22-26, Block B, The Scott Garden, No. 289, Jalan Kelang Lama, 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 2069 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.