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.
Kondo Sunway Sutera
No. B-310, Blok B, Kondo Sunway Sutera, Jalan T'Cana Utara, Sunway Damansara, 47810, Petaling Jaya, Selangor
Residensi Sutera 7
No. A-16-04, Block A, Residensi Sutera 7, Jalan Sutera 1/2, Taman Sutera, 43000, Kajang, Selangor
Mahkota Garden
No. C-8-09, Mahkota Garden, Jalan Mahkota Garden, Bandar Mahkota Cheras, 43200 Cheras, Selangor
Kondominium Seri Istana
No. B-21-3, Kondominium Seri Istana, Block B, Jalan Kuchai Jaya, Taman Kuchai Jaya, 58200 Kuala Lumpur
Residensi VIVO
No. A-17-01, Residensi VIVO, 9 Seputeh, No. 29, Jalan Telok Datok, Off Jalan Kelang Lama, 58000 Kuala Lumpur
Residensi Vyne
No. D-21-03, Residensi Vyne, Jalan 1/108D, Sungai Besi, 57100 Kuala Lumpur
KL Traders Square
No. E-30-07, Block E, KL Traders Square, Jalan Gombak, Setapak, 53000 Kuala Lumpur
M City Ampang
No. 1-09-12, M City Ampang, Jalan Ampang, 50450 Kuala Lumpur
Pangsapuri Embun Bayu
No. C-5-12, Pangsapuri Embun Bayu, Persiaran Kosmos, Subang Murni Seksyen U5, 40150 Shah Alam, Selangor
Residensi Sembilan Cheras
No. A-15-09, Block A, Residensi Sembilan Cheras, Jalan Suria Residen, 43200 Cheras, Selangor
Pangsapuri Kalista 2
No. B-9-01, Pangsapuri Kalista 2, Jalan S2 G3, Seksyen G, Seremban 2, 70300 Seremban, Negeri Sembilan
Sensory Residence
No. B-23-09, Block B, Sensory Residence, Southville City, 43800 Dengkil, Selangor
Bayu Residensi @ Seri Temenggung
No. 1-40-11, Bayu Residensi @ Seri Temenggung, Jalan Temenggung, 68100 Batu Caves, Selangor
D’Aman Crimson
No. Y-08-13, Block Kayangan, D’Aman Crimson, No. 1, Jalan PJU 1A/41, Ara Jaya, 47301 Petaling Jaya, Selangor
Pangsapuri Tropicana Aman 1
No. C-16-11, Block C, Pangsapuri Tropicana Aman 1, Jalan Aman Simfoni 1, Bandar Tropicana Aman, 42500 Telok Panglima Garang, Selangor
10 Semantan Suites
No. B-10-26, Block B, 10 Semantan Suites, No. 10, Jalan Semantan, 50490 Kuala Lumpur
Residensi Bukit Tiara
No. A-5-15, Blok A, Residensi Bukit Tiara, Jalan Karunmas 10, 43300 Seri Kembangan, Selangor
9th Floor
No. 1906, 9th Floor, Block 1, TTDI Adina, No. 11, Jalan Judo 13/45, Seksyen 13, 40100 Shah Alam, Selangor
Kondominium Imperial Hatamas
B-08-02, Block B, Kondominium Imperial Hatamas, Jalan Hatamas Utama, Bukit Hatamas, 43200 Cheras, Selangor
Pusat Bandar Puchong
No. R1-12-13A, Blok R1, Setiawalk, Persiaran Wawasan, Pusat Bandar Puchong, 47160 Puchong, Selangor
Residensi Hijauan
No. A1-06-05, Residensi Hijauan, Jalan Budiman 22/3, Seksyen 22, 40300 Shah Alam, Selangor
Bayu Residensi @ Seri Temenggung
No. 2-27-9, Bayu Residensi @ Seri Temenggung, Jalan Temenggung, 68100 Batu Caves, Selangor
Aera Residencе
No. В-22-1, Block B, Aera Residencе, Jalan PJS 5/28, Kampung Ghandi, 46150 Petaling Jaya, Selangor
Palm Spring @ Damansara
No. C-408, Tingkat 4, Block C, Palm Spring @ Damansara, No. 1, Jalan PJU 3/29, Kota Damansara, 47810, Petaling Jaya, 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.