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.
Residensi 121
No. B-19-03, Block B, Residensi 121, Lorong Masjid 1, PJU 6A, 47400 Petaling Jaya, Selangor
Perdana Emerald Servis Apartment
No. 3-16-3A, 16th Floor, Block 3, Perdana Emerald Servis Apartment, Lot 6, Jalan PJU 8/3, Damansara Perdana, 47820 Petaling Jaya, Selangor
Tower 5
No. T5-15-3A, Tower 5, Lakefront Residence @ Cyberjaya, Persiaran Semarak Api, Cyber 11, 63000 Cyberjaya, Selangor
Tower 6
No. T6-02-08, Tower 6, Lakefront Residence, Persiaran Semarak Api, Cyber 11, 63000 Cyberjaya, Selangor
Simfoni Heights
No. G13-05, Simfoni Heights, Jalan Medan Batu Caves, 68100 Batu Caves, Selangor
Gravit8
No. A2-19-13A, Gravit8, Jalan Bayu Laut/KS 9, Kota Bayuemas, 41200 Klang, Selangor
Residensi Zamrud
No. B-04-08, Block B, Residensi Zamrud, Jalan Zamrud Utama, Sungai Tangkas, 43000 Kajang, Selangor
Suria Residence
No. B-07-19, Suria Residence, No. 5, Jalan Bazar U8/100, Bukit Jelutong, Seksyen U8, 40150 Shah Alam, Selangor
Menara Simfoni
No. A-23-23A, Menara Simfoni, Jalan Simfoni 1, Balakong, 43300 Seri Kembangan, Selangor
Palm Spring @ Damansara
No. F-2217, Block F, Palm Spring @ Damansara, No. 1, Jalan PJU 3/29, Kota Damansara, 47810, Petaling Jaya, Selangor
Residensi Iris
No. 5-15, Residensi Iris, Jalan Kiara Sungai Long, 43000 Kajang, Selangor
Residensi Setia Impian
No. A-L11-03, Residensi Setia Impian, Taman Residensi Impian, 43000 Kajang, Selangor
Pangsapuri Perkhidmatan Suria Putra
No. 20-23, Pangsapuri Perkhidmatan Suria Putra, Jalan BRP 2/1, Bukit Rahman Putra, Seksyen U20, 40170 Shah Alam, Selangor
Tower 2
No. T2-01-04, Tower 2, Lakefront Homes, Persiaran Sepang, Cyber 11, 63000 Cyberjaya, Selangor
Mirage
No. B2-03A-03, Blok B, Mirage, Perdana Lakeview West Cyber 7, 63000, Cyberjaya, Selangor
Tower B
No. B-10-03, Tower B, Selayang Point Condominium, Jalan SP 1, 68100 Batu Caves, Selangor
Pangsapuri Nadayu 801
No. C-17-11, Block C, Pangsapuri Nadayu 801, No. 1, Jalan Zuhrah U5/163, Subang Murni, Seksyen U5, 40150 Shah Alam, Selangor
Laman Seri Harmoni
No. C-08-02, Laman Seri Harmoni, Jalan Batu Muda Tambahan 3, Sentul, 51100 Kuala Lumpur
PV2-Platinum Hill Condo
No. A-26-03, PV2-Platinum Hill Condo, No. 2, Jalan Taman Melati 1, Taman Melati Utama, 53100 Setapak, Kuala Lumpur
Idaman Putera Condominium
No. E-1-7, Block E, Idaman Putera Condominium, Jalan 6/21D. Medan Idaman, 53100 Kuala Lumpur
I-Soho
No. F-25-11, Block F, I-Soho, I-City Persiaran Multimedia, Section 7, 40000 Shah Alam, Selangor
Residential Suites Sunsuria Forum
No. RS-38-03, Residential Suites Sunsuria Forum, Jalan Setia Dagang AL U13/AL, Seksyen U13, Setia Alam, 40170 Shah Alam, Selangor
Radia Residensi
No. E-01-02, Block E, Radia Residensi, No. 3, Persiaran Singgahsana, Bukit Jelutong, Section U8, 40150 Shah Alam, Selangor
Tower A
No. A-18-13A, Level 18, Tower A, Universal 360, Jalan Raya 2, Taman Serdang Jaya, 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 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.