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.
Suite 1505
Suite 1505, Casa Mila Tower, Taman Bukit Idaman, 68100 Batu Caves, Selangor
Sri Ria Apartment
No. P5-B-06-06, Sri Ria Apartment, Jalan Pasir Emas, Taman Sepakat Indah Sungai Chua, 43000, Kajang, Selangor
Armani Soho
No. 25-08, Armani Soho, Jalan TP 3, Taman Perindustrian UEP, 47500 Subang Jaya, Selangor
Tower A
No. A-20-13A, Tower A, The Scott Garden, Soho Kompleks Rimbun Scott Garden, No. 289, Jalan Klang Lama, 58200 Kuala Lumpur
Hana Residence
No. H1-21-11, Hana Residence, No. 10, Persiaran Setia Damai, Eco Ardence, Seksyen U13, 40170 Shah Alam, Selangor
Arena Apartment
No. B-13-10, Block B, Arena Apartment (Arinna Kemuning Utama), Persiaran Kemuning Prima, Kemuning Utama, Section 32, 40460 Shah Alam, Selangor
Cova Suite
No. B-12-05, Cova Suite, Jalan Teknologi, PJU 5, Kota Damansara, 47810, Petaling Jaya, Selangor
One Ampang Avenue
No. N1/10/2, Block N1, North Point, One Ampang Avenue, Jalan Ampang Utama 2/2, Ampang Utama, Ampang, Selangor
Residensi Bandar Razak
No. D1-36-11, Residensi Bandar Razak (Razak City Residences), No. 1, Jalan Razak Mansion, Sungai Besi, 57100 Kuala Lumpur
Berkeley Uptown Residences
No. B-29-07, Block B, Berkeley Uptown Residences, Jalan Tampin 1/KU1, Off Jalan Goh Hock Huat, 41400 Klang, Selangor
Seri Hijauan Condominium
No. A-13-05, Seri Hijauan Condominium, No. 1, Jalan Bukit Hijau 26/24, Seksyen 26, 40400, Shah Alam, Selangor
Menara 2
No. M2-19-2, Menara 2, Seri Melawati, Jalan Melawati 1, Taman Melawati, 53100 Kuala Lumpur
Pacific Place Commercial Centre
No. A-03A-15, Block A, Pacific Place Commercial Centre, Jalan PJU 1A/4, Ara Damansara, 47301 Petaling Jaya, Selangor
Casa Indah 2 Condominium
No. C-G-05, Block C, Casa Indah 2 Condominium, No. 2B, Persiaran Surian, Tropicana Indah, 47410 Petaling Jaya, Selangor
M-City Ampang
No. 3-26-05, M-City Ampang, No. 326, Jalan Ampang, 50450 Kuala Lumpur
D'Sara Sentral
No. SB1-31-01, D'Sara Sentral, Jalan Welfare, Kampung Baru Sungai Buloh, Seksyen U19, 40160 Shah Alam, Selangor
Garden Apartment
No. C-21-02, Garden Apartment, One South, Taman Serdang Perdana, Seksyen 6, 43300 Seri Kembangan, Selangor
Garden @ One South (Garden Apartment
No. B-13A-02, Block B, Garden @ One South (Garden Apartment, One South), Taman Serdang Perdana, Section 6, 43300 Seri Kembangan, Selangor
Faster Suites
No. F-12-15, Faster Suites, Edusphere Suites, Jalan Edusphere 2, Edusphere, Cyber 11, 63000 Cyberjaya, Selangor
Tower 1
No. 23A-15, Tower 1, Third Avenue @ Cyberjaya, Jalan Teknokrat 3, Cyber 4, 63000 Cyberjaya, Selangor
Residensi Skysierra
No. A-42-11, Residensi Skysierra, No. 12, Jalan Taman Setiawangsa, Taman Setiawangsa, 54200 Kuala Lumpur
Rica Residence
No. 25-8, Rica Residence, No. 1, Jalan Perhentian, Sentul, 51100 Kuala Lumpur
Tower C
No. C-31-06, Tower C, Residensi Duta Park, No. 11, Jalan Kuching, 51200 Kuala Lumpur
Residensi Bintang Bukit Jalil
No. 1-40-13A, Residensi Bintang Bukit Jalil, Jalan Jalil Impian, Bukit Jalil, 57000, 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.