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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Kondo Mutiara Villa
No. 568-12-33, Kondo Mutiara Villa, Batu 3 ½, Jalan Sultan Azlan Shah, 51200 Kuala Lumpur.
Lorong Sentul Kecil
No. 25A (Mezzanine Floor), Lorong Sentul Kecil, Off Jalan Sentul, 51100 Kuala Lumpur
Pangsapuri Permai
Unit No. C-13-4, 13th Floor, Block C, Pangsapuri Permai, No. 2, Jalan Landai Permai, Sungai Besi, 57100, Kuala Lumpur
Greenview Apartment
Jalan 2/40, Taman Pusat Kepong, 52000 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
Taman Setapak Indah
No. F-3-5, Blok F, Jalan 13C/6, Taman Setapak Indah, 53300 Kuala Lumpur
Mayfair Service Apartment
No. J-3A-11, Blok J, Mayfair Service Apartment, Jalan Sri Hartamas 1, 50480 Kuala Lumpur
Pangsapuri Jati Selatan
No. C-3A-8, Block C, Pangsapuri Jati Selatan, Jalan 1/125G, Desa Sri Puteri, 57100 Kuala Lumpur
Sri Penara
No. A-06-40, Blok A, Sri Penara, Jalan Sri Permaisuri 1, Bandar Sri Permaisuri, 56000 Kuala Lumpur
Iris Apartment
No. A-8-5, Block A, Iris Apartment, Jalan 2/109C, Taman Abadi Indah, Off Jalan Kelang Lama, 58100 Kuala Lumpur
Mutiara Magna Apartment
No. C-07-15, Mutiara Magna Apartment, No.2, Jalan Metro 1, Metro Prima, 51200 Kepong, Kuala Lumpur
Idaman Suria Apartment
No. 2-6-4, Idaman Suria Apartment, Jalan 10/21D, Medan Idaman, Gombak, 53100 Kuala Lumpur
Pandan Indah
No. 18-2A, Jalan Pandan Indah 4/33, Pandan Indah, 55100 Kuala Lumpur
Sri Saujana
No. SS-13A-13A, Sri Saujana, Jalan Wangsa 2/6, Taman Wangsa Permai, 52200 Kuala Lumpur
Sri Penara
No. D-09-04, Blok D, Sri Penara, Jalan Sri Permaisuri 1, Bandar Sri Permaisuri, 56000 Cheras, Kuala Lumpur
Pangsaria Petaling Condominium
No. 60-9-14, Block 60, Pangsaria Petaling Condominium, Jalan 1/125E, Taman Desa Petaling, 57100 Kuala Lumpur
Menara Seri Cengal
No. 6-2-7, 2th Floor, Menara Seri Cengal, Jalan 27/56, Ampang Ulu Kelang, 54200 Kuala Lumpur
Sri Langkawi 1
No. 08-01-29, Sri Langkawi 1, Blok 8, Off Jalan Gombak, 53000 Kuala Lumpur
RPR Batu Muda Batu 5
No. G-13-01, Block G, RPR Batu Muda Batu 5, Jalan Ipoh, 51100 Kuala Lumpur
Gombak Fasa 2
No. 26-02-01, Block 26, Gombak Fasa 2, Off Jalan Gombak, 53100 Kuala Lumpur
Taman Indah Perdana
No. G-505, Blok G, Persiaran Perdana 2, Taman Indah Perdana, Kepong, 52100 Kuala Lumpur
3rd Floor
No. 72-3-1, 3rd Floor, Block L, Jalan Matang, Taman Sri Kuching, 51200 Kuala Lumpur
Kondo Rakyat Desa Pantai
No. 3-18-9, Kondo Rakyat Desa Pantai, Jalan Pantai Murni 2, Pantai Dalam, 59200 Kuala Lumpur
Wangsa Maju
No. 403, Block A11, Seksyen 4, Wangsa Maju, 53300 Kuala Lumpur
Pangsapuri Cheras 4E
No. 20-01-14, Blok 20, Pangsapuri Cheras 4E (Kasturi), Jalan 1/89A, Batu 4 Jalan Cheras, 56000 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.