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 Sinaran Wangsa
No. A-32-07, Residensi Sinaran Wangsa, No. 2, Jalan 3/27A, Wangsa Maju, 53300 Kuala Lumpur
The Loft Service Apartment
No. B-22-02, The Loft Service Apartment, Kompleks Danau Kota, Taman Zeta @ Zeta Park, Jalan Taman lbu Kota, 53300 Kuala Lumpur
Flexis One South
No. A2-15-15, Flexis One South, Jalan OS 2, Taman Serdang Perdana, Seksyen 6, 43300 Seri Kembangan, Selangor
Garnet
No. 8, Jalan KE 8/1H, Garnet, Kota Emerald, 48000, Rawang, Selangor
Lake Haven Residence
No. D-3-5, Lake Haven Residence, Jalan Putra Perdana 14, Taman Putra Perdana, 47100 Puchong, Selangor
Lake Haven Residence
No. C-2-13, Block C, Lake Haven Residence, Jalan Putra Perdana 14, Taman Putra Perdana, 47100 Puchong, Selangor
I-Suite
No. B1-21-06, I-Suite, No. 2, Persiaran Multimedia, I-City, Seksyen 7, 40000 Shah Alam, Selangor
I-Suite 2
No. B1-33-05, I-Suite 2, Persiaran Multimedia, I-City, Seksyen 7, 40000 Shah Alam, Selangor
Residensi Sembilan Cheras
No. A-05-02, Block A, Residensi Sembilan Cheras, Jalan Suria Residen, 43200 Cheras, Selangor
Tiara Parkhomes
No. D-01-06, Block D, Tiara Parkhomes, Jalan Bukit Ria, Taman Bukit Ria, 43000, Kajang, Selangor
Royal Domain - Sri Putramas II
No. B1-22-06, Tingkat 22, Block B1, Royal Domain - Sri Putramas II, Jalan Putramas , Off Jalan Kuching, 51200 Kuala Lumpur
Rosvilla Kondominium
No. 06-3A, Rosvilla Kondominium, No. 2, Jalan Prima Pelangi, Bukit Prima Pelangi, 51200 Kuala Lumpur
Suites & Residences
No. B-5-03A, The Signature, Suites & Residences, No. 3, Jalan 22/70A, Desa Sri Hartamas, 50480 Kuala Lumpur
Casa Desa Condominium
No. C-07-02, 7th Floor, Block C, Casa Desa Condominium, No.1 Jalan Desa Utama, Taman Desa, 58100 Kuala Lumpur
Menara Menjalara
No. F-13A-7 (On Site Is F-14-7), Block F, Menara Menjalara, Jalan 1/62b, Bandar Sri Menjalara, 52200 Kuala Lumpur
Residensi Ascenda
No. A-22-6, Residensi Ascenda, No. 3, Jalan Arena 1, Setapak, 53200 Kuala Lumpur
Palm Spring @ Damansara
No. C-1106, Palm Spring @ Damansara, Jalan PJU 3/29, Seksyen 13, 47810, Petaling Jaya, Selangor
Kondominium Sang Suria
No. A-20-1, Blok A, Kondominium Sang Suria, Sentul Raya, Bt 3, Jalan Ipoh, (Persiaran Parkview, Off Jalan Sultan Azlan Shah), 51100 Kuala Lumpur
Residensi Lot 8
No. A-13A-3A, Residensi Lot 8, Jalan Puchong South 1, Bandar Puchong South, 47100 Puchong, Selangor
Sentosa Court – Block C
No. C-2-08, 2nd Floor, Sentosa Court – Block C, Jalan Taman Seri Sentosa, Taman Seri Sentosa, 58200 Kuala Lumpur
Endah Regal Condo
No. B-5-8, Endah Regal Condo, Blok B, Jalan 3/149e, Taman Sri Endah, 57000, Kuala Lumpur
Tower C
No. C-28-09, Tower C, The Era @ Duta North (Residensi Era), No. 208, Jalan Segambut, 51200 Kuala Lumpur
Pangsapuri Akasa
No. A-13-9, Pangsapuri Akasa, Jalan Akasa, Akasa Cheras Selatan, 43300 Seri Kembangan, Selangor
10th Floor
No. Y-10-8, 10th Floor, Block Y, Edusentral, No. 1, Jalan Setia Murni U13/51, Setia Alam, Seksyen U13, 40170 Shah Alam, 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.