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 A
No. A-13-11, Tower A, Residensi Metro Kepong, No. 5, Persiaran Metro Perdana, Taman Metropolitan Kepong, 52100 Kuala Lumpur
Perumahan Pantai Permai
No. E-15-13, Perumahan Pantai Permai, Jalan Pantai Permai, 59200 Kuala Lumpur
Tasikmas
No. A-36-11, Tasikmas, Jalan 9/118B, Desa Tun Razak, 56000 Cheras, Kuala Lumpur
Gemerlang Court
No. A-3-1, Block A, Gemerlang Court, Jalan TC 1/3, Taman Cemerlang, 53100 Kuala Lumpur
Sri Langkawi 1
No. 04-02-06, Sri Langkawi 1, Blok 4, Off Jalan Gombak, 53000 Kuala Lumpur
Residensi Gurneymas
No. 31-11, Residensi Gurneymas, No. 1, Jalan Bukit Keramat, 54000 Kuala Lumpur
Pangsapuri Seri Malaysia
No. 15-33, Pangsapuri Seri Malaysia, Jalan 3/141, Kg Seri Malaysia, 57100 Kuala Lumpur
Pandan Utama
No. SA35-G, Lorong Pandan Pertama 3, Pandan Utama, 55100 Ampang, Selangor
Bandar Tasik Selatan
No. D-5-4, Blok D, Jalan 30/146, Bandar Tasik Selatan, 57000 Kuala Lumpur
Astrum Ampang
No. S-43A-28, Astrum Ampang, Lorong Enggang 2, Taman Keramat, 54200 Kuala Lumpur
Taman Wangsa Permai
No. 46-3, Jalan Wangsa 2/5, Taman Wangsa Permai, 52200, Selangor
Villa Mewah
No. 48-5-7, Villa Mewah, Jalan Perkasa, Taman Salak Selatan, 57100 Kuala Lumpur
2nd Floor
No. 304, 2nd Floor, Blok F4, Wangsa Maju Seksyen 2, 53300 Kuala Lumpur
3rd Floor
No. A-3-4, 3rd Floor, Block A, Taman Setapak Indah, 53300 Kuala Lumpur
Residensi Kepongmas
No. B-32-11, Residensi Kepongmas, Jalan Metro Perdana Barat, Taman Metropolitan, 52100 Kuala Lumpur
Apartment Sri Rampai
No G141-1, Block G, Apartment Sri Rampai (Rampai Court Apartment), Jalan 35/26, Taman Sri Rampai, 53300 Kuala Lumpur
Apartments Desa Sri Puteri - B
No. B-19-5, Apartments Desa Sri Puteri - B, Jalan 1/125G, Desa Sri Puteri, 57100 Kuala Lumpur
Plaza Haji Taib
No. 07-01, Plaza Haji Taib, Lorong Haji Taib 5, 50350 Kuala Lumpur
Wangsa Maju Seksyen 4
No. 204, Blok B9, Jalan 6/27A, Wangsa Maju Seksyen 4, 53300 Kuala Lumpur
Jalan Rejang 7
No. 40F, Jalan Rejang 7, Taman Setapak Jaya, 53300 Kuala Lumpur
Taman Bukit Teratai
No. B1-02-06, Block B, Jalan Teratai 1/2E, Taman Bukit Teratai, 56100 Cheras, Selangor
PPR Pekan Batu
No. B-07-20, Block B, PPR Pekan Batu, Batu 5, Jalan Sultan Azlan Shah, 51200 Kuala Lumpur
Desa Tasik
No. 4-6-5, Blok 4, Jalan Selatan 2A, Desa Tasik, Sungai Besi, Kuala Lumpur
Pandan Indah
No. M1-2-19, Block M1, Jalan Pandah Indah 6/1, Pandan Indah, 55100 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.