19 Rumah Lelong Apartment / Condo · Bank Auction Properties
Explore bank auction apartments and condos in Kuala Lumpur and Selangor, where the urban pulse meets suburban convenience. This is a prime region for investors, first-home buyers, and upgraders, offering everything from high-rise city pads to sprawling condo communities. Bank auction properties often start with reserve prices 10-40% below market value, and units that have been passed in or relisted can be even cheaper, a smart way to unlock serious savings. The process is straightforward: register your interest, pay the 10% deposit, and bid on auction day. With a wide selection available, you can find a great deal without the usual market competition. Contact Peter Tan for auction dates, reserve prices, and guidance on the bidding process.
Pavilion Hilltop Mont' Kiara
No. C-03-06, Pavilion Hilltop Mont' Kiara, No. 5, Changkat Duta Kiara, Mont' Kiara, 50480 Kuala Lumpur
Tropicana Golf & Country Resort
No. C-09-3A, Block C, Tropicana Grande Condominiums, No. 3, Persiaran Tropicana, Tropicana Golf & Country Resort, PJU 3, 47410, Petaling Jaya, Selangor
Cendana
No. 36-03, Cendana, Jalan Cendana, Off Jalan Sultan Ismail, 50250, Kuala Lumpur
Kiaramas Danai
No. A-08-01, Kiaramas Danai, No. 8, Jalan Desa Kiara, Mon'T Kiara, 50480 Kuala Lumpur
Damai 88
Damai 88, Jalan Damai, 50450, Kuala Lumpur
Four Seasons Place
No. 38-3, Four Seasons Place, Jalan Ampang, 50450 Kuala Lumpur
Binjai Residency
No. B-30-1, Binjai Residency, Jalan Binjai, 50450 Kuala Lumpur
Menara 3
No. BO2-B-08-1, Menara 3, No. 3, Jalan Bangsar, KL Eco City, 59200 Kuala Lumpur
Ampersand-B
No. B-01-01, Ampersand-B, Jalan Kia Peng, 50450 Kuala Lumpur
KL Gateway Corporate Office Suite
No. F-05-01, Block F, KL Gateway Corporate Office Suite, KL Gateway, No. 2, Jalan Kerinchi, 59200 Kuala Lumpur
Kiaraville Condominium
No. C-16-01, Block C, Kiaraville Condominium, No. 2, Changkat Duta Kiara, Mont' Kiara, 50480 Kuala Lumpur
Marc Service Residence
No. B-16-01, Marc Service Residence, No. 3, Jalan Pinang, 50450 Kuala Lumpur
The Katana Residences
No. 03-04, Jalan Madge, The Katana Residences, 55000, Kuala Lumpur
Midvalley City
No. B-20-6, Northpoint (Condo), Blok B, Midvalley City, No 1, Jalan Medan Syed Putra Utara, 59200 Kuala Lumpur
The Pearl @ KLCC
No. A-36-03, The Pearl @ KLCC, Jalan Stonor, 50450 Kuala Lumpur
The Pearl
No. 15-2, The Pearl, No. 2A, Jalan Stonor, 50450, Kuala Lumpur
Residensi Riverville
No. A-23A-09, Residensi Riverville, No.6, Jalan Taman Seri Sentosa, 58000 Kuala Lumpur
Endah Promenade-Blok C
No. C-9-2, Endah Promenade-Blok C, Jalan 3/149E, Taman Sri Endah, 57000 Kuala Lumpur
Pangsapuri East Lake
No. C-13-3A, Blok C, Pangsapuri East Lake, Persiaran Serdang Perdana, Taman Serdang Perdana, 43300, Seri Kembangan, Selangor
How to Buy an Auction Property in Malaysia
- 1Shortlist properties
Browse auction listings in Malaysia, 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 · Apartment / Condo
How many auction properties are there in Malaysia?+
There are currently 19 bank auction (lelong) properties in Malaysia, sourced from major banks and licensed auctioneers and updated regularly.
How much below market are auction properties in Malaysia?+
Reserve prices in Malaysia 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 Malaysia?+
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 Malaysia?+
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 Malaysia?+
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.