5357 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.
Reizz Residence
No. 15-09, Reizz Residence (Residensi Ampang Kiri), No. 9, Jalan Ampang Kiri, 55000 Kuala Lumpur
Tower 3
No. 3-19-02, Tower 3, M City, Jalan Ampang, 50450 Kuala Lumpur
Residensi Legasi
No. 13A-06, Residensi Legasi, No. 26, Jalan 1/42, Off Jalan Kuching, 51200 Kuala Lumpur
Edusentral
No. I-31-03, Block I, Edusentral, No. 1, Jalan Setia Murni U13/51, Setia Alam, Seksyen U13, 40170 Shah Alam, Selangor
Suite Vivo
No. S-15-11, Suite Vivo, 9 Seputeh, No. 20, Jalan Telok Datok, Off Jalan Kelang Lama, 58000 Kuala Lumpur
Pangsapuri Suite Danau Kota
No. B-15-02, Block B, Pangsapuri Suite Danau Kota, No. 1, Jalan 6A/6, Off Jalan Taman Ibu Kota, Danau Kota, 53300 Kuala Lumpur
Residensi Kenwingston Petaling
No. A-10-02, Residensi Kenwingston Petaling, Lebuhraya Besraya, Taman Salak Selatan, 57000 Kuala Lumpur
Pangsapuri Suite Danau Kota
No. 16-1, Pangsapuri Suite Danau Kota, Jalan 6A/6, Off Jalan Taman Ibu Kota, Danau Kota, 53300 Kuala Lumpur.
Ecosky Residence
No. C-30-03, Block C (Clarita), Ecosky Residence, Batu 6 1/2, Jalan Ipoh, 68100 Kuala Lumpur
Residensi M Centura
No. B-35-10, Residensi M Centura, No.17, Jalan Sentul Perdana, Setapak, 51000 Kuala Lumpur
Residensi Pasir Emas
No. B2-21-01, Block B2, Residensi Pasir Emas, Jalan Kampung Pasir, Off Jalan Klang Lama, 58200 Kuala Lumpur
Hijauan Aster Sri Petaling
No. 25-05, Hijauan Aster Sri Petaling, No. 111, Jalan 2/149, Taman Salak Selatan, 57000, Kuala Lumpur
Bandar Damai Perdana
No. A-19-07. Damai Hillpark, Jalan Damai Perdana 6/1F, Bandar Damai Perdana, 56000 Cheras, Selangor
Residensi Parkhill
No. D-10-13, Block D, Residensi Parkhill, No. 12, Lebuhraya Bukit Jalil, Bukit Jalil, 57000 Kuala Lumpur
Residensi Parkhill
No. D-10-13, Block D, Residensi Parkhill, No. 12, Lebuhraya Bukit Jalil, Bukit Jalil, 57000 Kuala Lumpur
Dex Suite
No. B-13A-7, Dex Suite, No. 7, Jalan 3/18A, Taman Mastiara, 51200 Kuala Lumpur
Arena Apartment
No. B-15-02, Block B, Arena Apartment (Arinna Kemuning Utama), Persiaran Kemuning Prima, Kemuning Utama, Section 32, 40460 Shah Alam, Selangor
Residensi 1 Utara
No. A-19-06, Residensi 1 Utara, No. 42, Jalan 1/2B, Off Jalan Ipoh, Selayang, 68100 Kuala Lumpur
Residensi Suria
No. A-11-02, Residensi Suria, Jalan Puchong Utama 2, Taman Puchong Utama, 47100 Puchong, Selangor
Pangsapuri Puncak Mutiara
No. A-08-09, Pangsapuri Puncak Mutiara, Jalan Mutiara 2, Taman Mutiara Indah, 47100 Puchong, Selangor
Tower A
No. A-05-02, Tower A, Residensi Riana Dutamas 2, No. 352, Jalan Segambut, Segambut, 51200 Kuala Lumpur
Sphere Damansara
No. C19-07, Blok C, Sphere Damansara, Jalan PJU 10/9, Prima Damansara, 47830 Petaling Jaya, Selangor
Residensi Suasana @ Damai
No. A-03A-15, Block A, Residensi Suasana @ Damai, No. 6, Jalan PJU 10/1, Damansara Damai, 47830 Petaling Jaya, Selangor
Residensi 280
No. 10-02, Residensi 280, 1 Km, Lebuhraya Kepong - Selayang, 68100 Batu Caves, 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 5357 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.