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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Bandar Baru Sentul
No. 27-01-09, Bandar Baru Sentul, 51000 Kuala Lumpur
Kondo Rakyat Desa Pantai Blok 3
No. 3-02-7, Kondo Rakyat Desa Pantai Blok 3, Jalan Pantai Dalam, 59200 Kuala Lumpur.
Iris Apartment
No. C-3-1, Block C, Iris Apartment, Jalan 2/109C, Taman Abadi Indah, 58100 Kuala Lumpur
Bandar Baru Sentul
No. 73-04-27, Block 73 Merbah, Jalan 2/48A, Bandar Baru Sentul, 51000 Kuala Lumpur
Pangsapuri Sri Meranti
No. P6-3-304, Pangsapuri Sri Meranti, No. 2, Persiaran Meranti, Bandar Sri Damansara, 52200 Petaling Jaya Selangor
Bukit OUG Condominium
No. 9-12-8, Bukit OUG Condominium, Blok 9, Jalan 3A/155, Bukit OUG, 58200 Kuala Lumpur
Menara RA
No. Suite 1-1, Menara RA, No. 18, Jalan Dataran SD 2, Dataran SD, PJU 9, 52200 Kuala Lumpur
Rampai Court Apartment
No. 110, Block C, Rampai Court Apartment, Jalan 43/26, Taman Sri Rampai, 53300 Kuala Lumpur
Apartment Blok 6
No. 8-3-20, Apartment Blok 6, Blok 7, Blok 8, Jalan 3/116B, Kuchai Entrepreneurs Park, 58200 Kuala Lumpur
Kws Industri Ringan Pandan Indah Tasek T
No. 1B-2, Tingkat 2, Jalan 3/1, Kws Industri Ringan Pandan Indah Tasek T, 55100 Kuala Lumpur.
Plaza Haji Taib
No. 07-16, Plaza Haji Taib, Lorong Haji Taib 5, 50350 Kuala Lumpur
Plaza Haji Taib
No. 07-17, Plaza Haji Taib, Lorong Haji Taib 5, 50350 Kuala Lumpur
Taman Tenaga
No. 11, Tingkat 1, Jalan Selimang, Taman Tenaga, 56000 Kuala Lumpur
Level 5
No. 504, Level 5, Blok G18, Seksyen 2, 53300, Bandar Baru Wangsa Maju, Kuala Lumpur
Saujana Ria Apartment
No. SR-6-31, Saujana Ria Apartment, Jalan Wangsa 2/6, Taman Wangsa Permai, 52200 Kuala Lumpur
Rumah Pangsa Kos Rendah
No. B-15-4, Block B, Rumah Pangsa Kos Rendah, Jalan 3/23D, Taman Danau Kota, Off Jalan Genting, 53300 Kuala Lumpur
Bandar Baru Sentul
No. 25-04-27, Bandar Baru Sentul, 51000 Kuala Lumpur
Pandan Indah
No. 19C, Tingkat 3, Jalan Pandan Indah 1/23D, Pandan Indah, 55100 Kuala Lumpur
Wisma Mutiara
No. 165-7-4, Wisma Mutiara, Sungai Besi, 50450, Kuala Lumpur
Taman Setapak Jaya
No. 30-03-20, Blok 30, Jalan Rejang 11, Taman Setapak Jaya, 53300 Kuala Lumpur
Taman Danau Kota
No. C-19-14, Blok C, Jalan 3/23D, Taman Danau Kota, Setapak, 53300 Kuala Lumpur
Pangsapuri Permai
No. A-11-2, Block A, Pangsapuri Permai, Jalan Landai Permai, Sungai Besi, 57100 Kuala Lumpur.
Abadi Indah Kondo
No. 9-11-2, Abadi Indah Kondo, Jalan 3/109C, Taman Abadi Indah, 58100 Kuala Lumpur
Pangsapuri Seri Perindu
No. B-3-12, Tingkat 3, Block B, Pangsapuri Seri Perindu, Jalan 7/154D, Alam Damai, 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.