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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Tower D
No. D-17-03A, Tower D, Plaza Pantai, Off Jalan Pantai Baru, 59200 Wilayah Persekutuan Kuala Lumpur
Beverly Tower
No. B2-29-5, Beverly Tower, Plaza Medan Putra, Jalan Medan Putra 6, Medan Putra Business Centre, Bandar Sri Menjalara, 52200 Kuala Lumpur
Tasik Heights Apartment
No. E-7-16, Block Suria, Tasik Heights Apartment, Jalan Liku Tasik Selatan, Bandar Tasik Selatan, 57000 Kuala Lumpur
Heritage Condominium
No. 286-00-01, Heritage Condominium, Jalan Pahang, 53000 Kuala Lumpur
Pangsapuri Cheras Utama
No. F-01-21, Blok F, Pangsapuri Cheras Utama, Jalan CU 1/A, Taman Cheras Utama, 56000 Kuala Lumpur
Tasik Heights Apartment
No. B-6-8, Block B (saujana), Tasik Heights Apartment, Jalan Liku Tasik Selatan, Bandar Tasik Selatan 57100 Kuala Lumpur
Idaman Sutera Condominium
No. B-15-8, Idaman Sutera Condominium, Block B, Jalan 13/21D, Medan Idaman, 53100 Kuala Lumpur
Perumahan Pantai Permai
No. D-13-13, Perumahan Pantai Permai, Jalan Pantai Permai 1, Pantai Dalam, 59200 Kuala Lumpur
10 Semantan
No. B-6-3, 10 Semantan, Blok B, Jalan Semantan, 50490 Kuala Lumpur
Aman Satu Apartment
No. As1-12-g, 12, Block 1, Aman Satu Apartment, Jalan Puri, Desa Aman Puri, 52100, Kepong, Kuala Lumpur
Pinang Apartment
No. 11-04-16, Blok 11, Pinang Apartment (Fasa 1A Sri Sentosa), Jalan Seri Sentosa 9, Taman Seri Sentosa, 58200 Kuala Lumpur
Sri Penara
No. C-06-08, Block C, Sri Penara, Jalan Sri Permaisuri 1, Bandar Sri Permaisuri, 56000 Kuala Lumpur
Sri Kinabalu Condominium
No. 10E-04-02-003, Sri Kinabalu Condominium, Block 4, Jalan 4/27E, Wangsa Maju, Seksyen 10, 53300 Kuala Lumpur
Pangsapuri Berembang Indah
No. A-03-08, 3rd Floor, Block A, Pangsapuri Berembang Indah, Jalan Nipah, Off Jalan Ampang, 55000, Selangor
11th Floor Blok B
No B-11-11,11th Floor Blok B, No.3 Jalan Bukit Jalil Indah 1, Taman Ltat, Bukit Jalil, 57000 Kuala Lumpur
The Scott Garden
No. C-20-19, Block C, The Scott Garden, No. 289, Jalan Klang Lama, 58000 Kuala Lumpur
Ketumbar Heights
No. B-12-16, Block B, Ketumbar Heights, Jalan 6/95B, Taman Cheras Utama, 56100 Kuala Lumpur
May Tower
No. 7-13-1, May Tower, Jalan Munshi Abdullah, 50100 Kuala Lumpur
Tower B
No. B-13A-15, Tower B, Residensi Metro Kepong, No. 5, Persiaran Metro Perdana, Taman Metropolitan Kepong, 52100 Kuala Lumpur
Pangsapuri Seri Permai
No. 2-10, Pangsapuri Seri Permai, Jalan Bahagia 29, Taman Sri Bahagia, 56000, Kuala Lumpur
Pangsapuri Sri Rakyat - Blok B
No. B-14-9, Pangsapuri Sri Rakyat - Blok B, Jalan 14/155C, Bukit Jalil, 57000 Kuala Lumpur
Taman Desa Bukit Cahaya
No. MC 4-02, Blok Desa Awana (M), Taman Desa Bukit Cahaya, 56100, Cheras, Kuala Lumpur
Permata Fadason
No. E-08-07, Block E, Permata Fadason, Jalan 2/17, Taman Fadason, 52000 Kuala Lumpur
Tower B
No. B-28-11, Tower B, Residensi Metro Kepong, No. 5, Persiaran Metro Perdana, Taman Metropolitan Kepong, 52100 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.