948 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 3
No. BO2-B-09-1, Menara 3, No. 3, Jalan Bangsar, KL Eco City, 59200 Kuala Lumpur
BO2-B-06-1 Menara 3
No. BO2-B-06-1, BO2-B-06-1 Menara 3, No. 3, Jalan Bangsar, KL Eco City, 59200 Kuala Lumpur
Menara 3
No. BO2-B-07-1, Menara 3, No. 3, Jalan Bangsar, KL Eco City, 59200 Kuala Lumpur
Menara 3
No. BO2-B-08-1, Menara 3, No. 3, Jalan Bangsar, KL Eco City, 59200 Kuala Lumpur
Lorong Lembah Tunku
No. 9, Lorong Lembah Tunku, Bukit Tunku, 50480, Kuala Lumpur
Jalan Mesra
No. 8, Jalan Mesra, 55000 Kuala Lumpur
Lorong Dungun
No. 36, Lorong Dungun, Damansara Heights, 50490 Kuala Lumpur
Jalan Damansara Permai
No. 11, Jalan Damansara Permai, Damansara Endah, 50480 Kuala Lumpur
Menara 3
No. BO2-B-05-1, Menara 3, No. 3, Jalan Bangsar, KL Eco City, 59200 Kuala Lumpur
Jalan Dutamas Melor 1
No. 2, Jalan Dutamas Melor 1, Changkat Kiara (Bayu), 50480 Kuala Lumpur
Jalan Taman Pantai
No. 27, Jalan Taman Pantai, Taman Bukit Pantai, 59100 Kuala Lumpur
Menara 2
No. BO1-A-16, Menara 2, No. 3, Jalan Bangsar, KL Eco City, 59200 Kuala Lumpur
Menara 2
No. BO1-A-17, Menara 2, No. 3, Jalan Bangsar, KL Eco City, 59200 Kuala Lumpur
Jalan Simpoh
Lot 129, Jalan Simpoh, Country Heights Damansara, 60000 Kuala Lumpur
Ampersand-B
No. B-01-01, Ampersand-B, Jalan Kia Peng, 50450 Kuala Lumpur
Persiaran Nadayu 1A
No. 20, Persiaran Nadayu 1A, Taman Nadayu, 53100 Hulu Kelang, Selangor
Jalan Tun H S Lee
No. 35, Jalan Tun H S Lee, 50000 Kuala Lumpur
Taman Bukit Seri Cheras
No. 163 & 163-1-3, Jalan Lanchang, Taman Bukit Seri Cheras, 56100 Cheras, Kuala Lumpur
Taman Bukit Seri Cheras
No. 161, 161-1-3, Jalan Lanchang, Taman Bukit Seri Cheras, 56100 Cheras, Kuala Lumpur.
KL Gateway Corporate Office Suite
No. F-03A-01, Block F, KL Gateway Corporate Office Suite, KL Gateway, No. 2, Jalan Kerinchi, 59200 Kuala Lumpur
KL Gateway Corporate Office Suite
No. F-05-01, Block F, KL Gateway Corporate Office Suite, KL Gateway, No. 2, Jalan Kerinchi, 59200 Kuala Lumpur
Kiaraville Condominium
No. C-16-01, Block C, Kiaraville Condominium, No. 2, Changkat Duta Kiara, Mont' Kiara, 50480 Kuala Lumpur
Jalan Permai
No. 34, Jalan Permai, Robson Heights, 50460 Kuala Lumpur
Lorong Rahim Kajai 9
No. 21 & 23, Lorong Rahim Kajai 9, Taman Tun Dr Ismail, 60000 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 948 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.