1291 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.
Sri Putramas II
No. B1-15-03, Block B1, Sri Putramas II, Jalan Putramas, 51200 Kuala Lumpur
Residensi Riverville
No. B-22-10, Block B, Residensi Riverville, Jalan Taman Sri Sentosa, Taman Seri Sentosa, 58000 Kuala Lumpur
Pangsapuri V-Residensi
No. A-8-5, Block A, Pangsapuri V-Residensi, Persiaran Selayang Heights, 68100 Batu Caves, Selangor
GCB Court
No. 332B-13F (on site is No. 13F), GCB Court, Jalan Ampang, 50450 Kuala Lumpur
Palm Spring @ Damansara
No. E-217, Blok E, Palm Spring @ Damansara, No. 1, Jalan PJU 3/29, Kota Damansara, 47810, Petaling Jaya, 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
Tropicana Golf & Country Resort
No. C-09-3A, Block C, Tropicana Grande Condominiums, No. 3, Persiaran Tropicana, Tropicana Golf & Country Resort, PJU 3, 47410, Petaling Jaya, Selangor
Jalan Perumahan Gurney
No. 1-2, No. 8, Jalan Perumahan Gurney, 54100 Kuala Lumpur
Kondominium Subang Indera
No. C-11-1, Kondominium Subang Indera, Jalan USJ 6/2L, 47610, UEP Subang Jaya, Selangor
Tower A
No. A-15-06, Tower A, Mercu Summer Suites, No. 8, Jalan Cendana, Off Jalan Sultan Ismail, 50250 Kuala Lumpur
Hartamas Regency 2
No A-3A-2, Hartamas Regency 2, No 2 Jalan Duta Hartamas, Sri Hartamas, 50480 Kuala Lumpur
Residensi Era Novum
No. C-35-7, Residensi Era Novum, No 12A, Jalan Kerinchi Kiri 2, 59200 Kuala Lumpur
Residensi Bennington
No. A-16-08, Residensi Bennington, No. 1, Jalan Arena 1, 53200 Setapak, Kuala Lumpur
Summer Villa Condominium
No. 2105, Level 21, Block B, Summer Villa Condominium, No. 11, Jalan SS 12/1, 47500 Subang Jaya, Selangor
Westminster Park
No. D-23-10, Westminster Park, Sri Putramas Condo, Jalan Putramas 1, Off Jalan Kuching, 51200, Kuala Lumpur
Green Acre Park Condominium
No. A3-10-6, Block A3, Green Acre Park Condominium, Bandar Sungai Long (R/Pangsa), 43000, Kajang, Selangor
Segambut
No. A-13-01, Block A, Changkat View Condominium, 18, Jalan Dutamas Raya, Off Jalan Segambut, 51200, Segambut, Kuala Lumpur
38 Bidara Serviced Apartment
No. 06-07/B7, 38 Bidara Serviced Apartment, No. 30, Jalan Bedara, 50250 Kuala Lumpur
13th Floor
No. B-13-08, 13th Floor, Block B, The Parque Residences, Jalan Eco Santuari 3/1, Eco Santuari, 42500, Telok Panglima Garang, Selangor
Pangsapuri D'Rimba
No. E-2-12, Pangsapuri D'Rimba, No 11, Jalan Kenyalang 11/14, Kota Damansara, 47810, Petaling Jaya, Selangor
Cova Suite
No. B-12-05, Cova Suite, Jalan Teknologi, PJU 5, Kota Damansara, 47810, Petaling Jaya, Selangor
Puchong
No. A-34-11, Block A (Asagi) Koi Tropika, Jalan Puchong, Batu 13 1/2, 47100, Puchong, Selangor
Cendana
No. 36-03, Cendana, Jalan Cendana, Off Jalan Sultan Ismail, 50250, Kuala Lumpur
Kelana Mahkota Condo
No. B-01-08, Blok B, Kelana Mahkota Condo, No. 2, Jalan SS 7/19, 47301, 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 1291 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.