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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The Mews KLCC
No. A-21-5, The Mews KLCC, No. 19, Jalan Yap Kwan Seng, 50450 Kuala Lumpur
The Ooak
No. A-09-05, The Ooak, Kiara 163, No 5, Jalan Kiara 4, Mont Kiara, 50480 Kuala Lumpur
Residensi Gen
No. 3A-03, Residensi Gen, Jalan Kuchai 3, Taman Lian Hoe, 58200 Kuala Lumpur
Gaya Bangsar Condominium
No. 13A-09, Gaya Bangsar Condominium, No. 1, Jalan Bangsar Utama 1, Kuala Lumpur
Residensi Pavilion Bukit Ceylon
No. C-25-05, Residensi Pavilion Bukit Ceylon, No. 5, Changkat Raja Chulan, 50200 Kuala Lumpur
Residensi Sultan Ismail
No. 18-3, Residensi Sultan Ismail, (on site known as Vortex Suite & Residences@ KLCC), No.12, Jalan Sultan Ismail, Kuala Lumpur
Tower C
No. C1-5-1, St Mary Residences, Tower C, Jalan Tengah, 50250 Kuala Lumpur
Menara Alfa Bangsar
No. 23A-2, Menara Alfa Bangsar, No. 18, Jalan Maarof, Bangsar, 59100 Kuala Lumpur
My Habitat Residences
No. A2-20-1, My Habitat Residences, No. 3, Jalan Aman Off Jalan Tun Razak, 55000 Kuala Lumpur
Residensi Tribeca
No. 9-12, Residensi Tribeca, No. 215, Jalan Imbi, 55100 Kuala Lumpur
The Mews
No. A-9-2, The Mews, Jalan Yap Kwan Seng, 50450 Kuala Lumpur
Residensi Infiniti 3
No. B-9-8, Residensi Infiniti 3, No. 1, Jalan Seri Wangsa 2, Wangsa Maju, 53300 Kuala Lumpur
Residensi Waltz
No. N-8-05, Residensi Waltz, Jalan Awan Besar, Taman Overseas Union, 58200 Kuala Lumpur.
Kondominium Royalle
No. 13-05, Kondominium Royalle, Jalan 3/61, Bukit Segambut, 51200 Kuala Lumpur
M-City
No. 2-26-01, M-City, Jalan Ampang, 50450 Kuala Lumpur
Tower A
No. A-42-3, Tower A, Residensi Vogue 1, No. 3, Jalan Bangsar, KL Eco City, 59200 Kuala Lumpur
Tower A
No. A-38-03, Tower A (Astor), Megan Legasi (Millerz Square @ Old Klang Road), No. 357, Jalan Kelang Lama, 58000 Kuala Lumpur.
Residensi Sambungan Selatan
No. 52-23, Residensi Sambungan Selatan (South Link Residence), No. 2A, Jalan Kerinchi Kiri 2, 59200 Kuala Lumpur
Residensi Shamelin Star
No. R-16-3A, Residensi Shamelin Star, No. 36A, Jalan 4/91, Taman Shamelin Perkasa, 56100, Kuala Lumpur
Dua Sentral
No. 30-11, Dua Sentral, No. 8, Jalan Tun Sambanthan, 50470 Kuala Lumpur
Residensi 357 Setapak
No. A-27-01, Residensi 357 Setapak, Lorong 2/23D, Setapak, 53300 Kuala Lumpur.
Edgewood
No. A-13A-10, Edgewood (Also Known as Residensi Skysanctuary 1), No 2, Jalan Santuari 1, Setapak, 53200 Kuala Lumpur
Residensi M Luna
No. B-28-13, Residensi M Luna, No. 888, Jalan Lingkaran Tengah 2, 52100 Kuala Lumpur
Kompleks Danau Kota
No. B-09-12, Kompleks Danau Kota, Taman Zeta @ Zetapark, 67, Jalan Taman lbu Kota, Setapak, 53300 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.