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.
Green Residence
No. C-27-2, Level 27, Block C, Green Residence, Jalan Sayang 1, Taman Rasa Sayang, 43200 Cheras, Selangor
D'Sands Residence
No. B1-09-1, Block 1, D'Sands Residence (Residensi Pasir Emas), Jalan Kampung Pasir, Off Jalan Klang Lama, 58200 Kuala Lumpur
Tower C
No. C-15-3A, 15th Floor, Tower C, Residensi Agile Delima Bukit Bintang, No. 3, Jalan Delima, Bukit Bintang, 55100 Kuala Lumpur.
Dataran Sentral Damansara
No. A-23A-02, D’Clover Residences, Dataran Sentral Damansara, No. 3, Jalan PJU 8/8B, Sentral Damansara, PJU 8, 47820 Petaling Jaya, Selangor
Tower 1
No. A-18-3A, Tower 1 (Block A), 188 Suites, Jalan Cendana, 50250 Kuala Lumpur
188 Suites
No. B-20-08, 188 Suites, No. 10, Jalan Cendana, 50250 Kuala Lumpur
Residensi Peel
No. 25-05, Residensi Peel, No. 2, Lorong Peel, Maluri, 55100 Kuala Lumpur.
Royalle Condominium
No. 10-05, Royalle Condominium, Jalan 3/61, Bukit Segambut, 51200 Kuala Lumpur.
Damai 88
No. 17-5, Damai 88, Jalan Damai, 50450 Kuala Lumpur
Tower 2
No. 2-10-07, Tower 2, Residensi Bintang, No. 1, Jalan Jalil Impian, Bukit Jalil, 57000 Kuala Lumpur
Tower 2
No. 2-11-5, Tower 2, Suite Sentral, No. 248, Jalan Tun Sambanthan, Kuala Lumpur Sentral, 50470 Kuala Lumpur
Verve Suites KL South
No. A-11-08, Verve Suites KL South, No. 355, Jalan Klang Lama, 58000 Kuala Lumpur
Verve Suites KL South
No. A-13A-8, Verve Suites KL South, No. 355, Jalan Klang Lama, 58000 Kuala Lumpur
Cloudtree Residence
No. D-13A-1, Cloudtree Residence, Jalan Juara, 43300 Seri Kembangan, Selangor
Sungai Besi
No. D1-21-12, Block D1 Residensi Bandar Razak, No. 1, Jalan Razak Mansion, Sungai Besi, 57100 Kuala Lumpur
Residensi Chymes Gurney
No. B-15-01, Residensi Chymes Gurney, No. 79, Jalan Persiaran Gurney, 54000 Kuala Lumpur
Residensi 99
No. A-47-08, Block A, Residensi 99, No. 3, Jalan Seri Utara 3, 68100 Kuala Lumpur
Apartment Service J Dupion
No. B-10-3A, Block B, Apartment Service J Dupion, Jalan Sembilang, 56000 Kuala Lumpur
Kondominium Riana Selatan
No. B-25-10, Kondominium Riana Selatan, No. 2, Jalan Mandarina Damai 1, Bukit Mandarina, 56000 Kuala Lumpur.
Pavilion
No. B-12-02, Pavilion, Jalan Puteri 7/13, Bandar Puteri, 47100 Puchong, Selangor
Residensi D15
No. A-20-05, Residensi D15, Jalan PJU 1A/46, 47301 Petaling Jaya, Selangor
Residensi 1 Utara
No. A-23-09, Residensi 1 Utara, No. 42, Jalan 1/2B, Off Jalan Ipoh, Selayang, 68100 Kuala Lumpur
KL Traders Square
No. E-10-03A, KL Traders Square, No. 99, Jalan Gombak, Setapak, 53000 Kuala Lumpur
Residensi Bandar Razak
No. D3-39-05, Block D3, Residensi Bandar Razak, No. 1, Jalan Razak Mansion, Sungai Besi, 57100 Kuala Lumpur
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.