5512 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.
Skylake Residence
No. B-19-03A, Skylake Residence, Jalan Putra Perdana 5A, Taman Putra Perdana, 47130, Puchong, Selangor
Residensi Suasana @ Damai
No. B-13A-01, Residensi Suasana @ Damai, No. 6, Jalan PJU 10/1, Damansara Damai, 47830 Petaling Jaya, Selangor
Tiara Parkhomes
No. C02-08, Block C, Tiara Parkhomes, Jalan Bukit Ria, 43000 Kajang, Selangor
Pangsapuri Maya
No. A-17-07, Pangsapuri Maya, Jalan Cove Sentral 1, Bandar Gamuda Cove, 42700 Banting, Selangor
D'Haven Condominium
No. 5B-1, Block В, D'Haven Condominium, Lorong Tenggiri 1A, Off Jalan Mohd Yamin, 41100 Klang, Selangor
Lakefront Homes
No. T2-14-09, Lakefront Homes, Persiaran Sepang, Cyber 11, 63000 Cyberjaya, Selangor
Greenview Residence
No. C-15-8, Greenview Residence, Persiaran Sungai Long 2, Bandar Sungai Long, 43000, Kajang, Selango
Shorea Park Residence 1
No. A-18-08, Shorea Park Residence 1, Jalan SP 1, Shorea Park, 47120 Puchong, Selangor
Pangsapuri Damai
No. E-4-16, Pangsapuri Damai, Jalan Tokoh 25/28, Taman Sri Muda, Seksyen 25, 40400 Shah Alam, Selangor
Residensi Radia
No. F-03-03A, 3rd Floor, Blok F, Residensi Radia, No. 3, Persiaran Singgahsana, Bukit Jelutong, Seksyen U8, 40150 Shah Alam, Selangor
Taman Unipark Suria
No. B-25-15, Centrum Residences, Jalan Ikram-Uniten, Taman Unipark Suria, 43000 Kajang, Selangor
Verve Suites
No. D-22-5, Verve Suites, Jalan Kiara 5, Mont Kiara, 50480 Kuala Lumpur
Residensi Lili @ Taman Bucida Hijauan
No. A-08-08, Blok A, Residensi Lili @ Taman Bucida Hijauan, Taman Bucida Hijauan, 71800 Nilai, Negeri Sembilan
Seasons Garden
No. C-28-3A, 28th Floor, Block C, Seasons Garden, Jalan 1/27E, Seksyen 10, Wangsa Maju, 53300 Kuala Lumpur
Lake Haven Residence
No. A-12-11, Block A, Lake Haven Residence, Jalan Putra Perdana 14, Taman Putra Perdana, 47100 Puchong, Selangor
Residensi Legendview
No. B-13A-13, Block B, Residensi Legendview, Jalan Setia Jaya, 48000 Rawang, Selangor
Residensi Arena 1
No. A-14-01, Block A, Residensi Arena 1, Jalan Arena 1, Arena Warisan Puteri, Kota Warisan, 43900 Sepang, Selangor
Subang Hi-Tech Industrial Park
No. 32-09, SouthPlace Residences @ Tropicana Metropark, Jalan Delima 1/1, Subang Hi-Tech Industrial Park, 47500 Subang Jaya, Selangor
Pangsapuri Bayu Pandan Jaya
No. B-9-2A, Pangsapuri Bayu Pandan Jaya, Jalan Pandan 3/11, Pandan Jaya, 55100 Kuala Lumpur
Residensi PR1MA Jalan Jubilee
No. 12-21, Residensi PR1MA Jalan Jubilee, No. 7, Jalan Jubilee, Off Jalan Loke Yew, 55200 Kuala Lumpur
Pangsapuri Delima
No. J1-2-14, Pangsapuri Delima, Blok J1, Desa Pandan, Jalan Kampung Pandan, 55100 Kuala Lumpur
30th Floor
No. 30-09, 30th Floor, Benteng 8 (skyville 8), Jalan Klang Lama, 58000 Kuala Lumpur
Sri Bayu Apartment
No. A-15-04, 15th Floor, Block A, Sri Bayu Apartment, Jalan Pipit, Bandar Puchong Jaya, 47100 Puchong, Selangor
Mentari Condo
No. C-12-4, Blok C, Mentari Condo, Jalan Tasik Permaisuri 3, Bandar Tun Razak, 56000 Cheras, 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 5512 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.