2 Lelong Apartment / Condo in Putrajaya
Putrajaya’s well-planned landscape is home to a handful of modern apartments and condos, making it a sought-after location for civil servants, professionals, and investors. These properties are occasionally available through bank auction, offering a smart way to secure a home below market value, sometimes 10-40% cheaper. If you are new to the process, registering with the auction house, paying the 10% deposit, and bidding on auction day are the key steps to buying an auction property. For current auction dates, reserve prices, and guidance on bidding, contact Peter Tan.
Ioi Resort City
No. B-703a, Block B, Puteri Palma, Ioi Resort City, 62502, Putrajaya, Selangor
The Clio 2 Residence
No. TCB-19-05, Block B, The Clio 2 Residence, Ioi Resort City, 62502, Putrajaya, Selangor
How to Buy an Auction Property in Putrajaya
- 1Shortlist properties
Browse auction listings in Putrajaya, 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
How many apartment / condo auctions are there in Putrajaya?+
There are currently 2 bank auction (lelong) apartment / condo properties in Putrajaya, updated regularly.
How much below market are Putrajaya apartment / condo auctions?+
Reserve prices for apartment / condo auctions in Putrajaya are typically 10-40% below market value, even lower after several rounds.
Can I get a loan for a lelong apartment / condo in Putrajaya?+
Yes, many banks finance auction properties. Get loan pre-approval before bidding. Contact Peter Tan for details.
How much deposit do I need to bid in Putrajaya?+
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 Putrajaya?+
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.