5357 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.
Premises
Premises No. 7, Jalan Eco Ardence U12/38G, Eco Ardence, Section U12, 40170 Shah Alam, Selangor
Residensi Sembilan Cheras
No. C1-01-01, Block C, Residensi Sembilan Cheras, Jalan Suria Residen, 43200 Cheras, Selangor
Armanee Terrace Condominium
No. B-9-B08, Armanee Terrace Condominium, No. 8, Jalan PJU 8/1, Bandar Damansara Perdana, 47820 Petaling Jaya, Selangor
Residensi Bayan Desa Petaling (On site Is Tower
No. C-32-01, Residensi Bayan Desa Petaling (On site Is Tower C, Nidoz Residences @ Desa Petaling), No. 22A, Jalan 2/125, Desa Petaling, 57100 Kuala Lumpur
Hartamas Regency 2
No. B-3-3, Block B, Hartamas Regency 2, No. 2, Jalan Duta Hartamas, Off Persiaran Dutamas, Sri Hartamas, 50480 Kuala Lumpur
Residensi Renai Jalil @ The Rainz
No. C-28-02, Residensi Renai Jalil @ The Rainz, Jalan Jalil Perwira 2, Bukit Jalil, 58200 Kuala Lumpur
Villa Lagenda Condominium
No. B-19-03, Block B, Villa Lagenda Condominium, No. 1, Jalan 4/2B, Taman Desa Bakti, 68100 Selayang, Kuala Lumpur
Laman Scenaria Kiara
No. A-19-5, Block A, Laman Scenaria Kiara, Jalan 6/38A, 51200 Kuala Lumpur
Wisma Infinitum
No. B-09-07, Wisma Infinitum, No. 18. Jalan Dewan Sultan Sulaiman, 50300 Kuala Lumpur
Eco Sky Residence
No. B-37-10, Eco Sky Residence, No. 972, Batu 6 1/2, Jalan Ipoh, 68100 Kuala Lumpur
Menara Inspirasi
No. B-13-06, Menara Inspirasi, No. 30, Jalan 1/65A, Off Jalan Tun Razak, 50400 Kuala Lumpur
Residensi Idaman Awan
No. 13-08, Residensi Idaman Awan (The Arcuz), Jalan PJU 1A/4F, 47301 Petaling Jaya, Selangor
Country Heights Damansara
No. B-29-10, 29Th Floor, Block B Residensi Hampton Damansara, Persiaran Tecoma, Country Heights Damansara, 60000 Kuala Lumpur
Renai Jelutong
No. B-10-2, Block B, Renai Jelutong, No. 1 Jalan Bazar U8/100, Bukit Jelutong Seksyen U8, 40150, Shah Alam, Selangor
Kompleks Danau Kota
No. B-10-23, Kompleks Danau Kota, Taman Zeta @ Zetapark, 67, Jalan Taman Ibu Kota, Setapak, 53300, Kuala Lumpur, Kuala Lumpur
SkyVogue Residences
No. A-16-02, SkyVogue Residences, No. 23, Jalan 1/109F, Taman Danau Desa, 58100 Kuala Lumpur
Saville D'Lake
No. 13-17, Saville D'Lake, Jalan Saville, 47130 Puchong, Selangor
Pangsapuri Paragon Tiga
No. M3-09-10, Pangsapuri Paragon Tiga, Persiaran Lestari Putra, Taman Lestari Putra, Bandar Putra Permai, 43300 Seri Kembangan, Selangor
Trio Residence
No. C-19-06, Block C, Trio Residence, Jalan Langat/KS06, Bandar Bukit Tinggi, 41200 Klang, Selangor
Royal Regent
No. B-09-03, Block B, Royal Regent, Sri Putramas III, Jalan Putramas 2, Off Jalan Kuching, 51200 Kuala Lumpur
Residensi Bandar Razak
No. D1-19-08, Residensi Bandar Razak, No. 1, Jalan Razak Mansion, Sungai Besi, 57100 Kuala Lumpur
Sunsuria Forum Residences
No. RS-13A-08, Sunsuria Forum Residences, Persiaran Multimedia, Seksyen 15, 63000 Cyberjaya, Selangor
Residensi Altris
No. A-23A-02, Residensi Altris, No. 3, Jalan Wangsa Kuarza, Wangsa Maju, 53300 Kuala Lumpur
Sunsuria Forum Residences
No. RS-10-3A, Sunsuria Forum Residences, No. 1, Jalan Setia Dagang AL U13/AL, Seksyen U13, Setia Alam, 40170 Shah Alam, 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 5357 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.