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.
Diamond Residences
No. A-9-1, Diamond Residences, No. 5, Jalan 4/50, Off Jalan Gombak, Kuala Lumpur
Encorp Strand Residences
No. L23A-06, Encorp Strand Residences, Jalan PJU 5/23, Kota Damansara, 47810 Petaling Jaya, Selangor
Residensi Adelia 3
No. A-10-07, Blok A, Residensi Adelia 3, Persiaran Bangi Avenue 2, Taman Bangi Avenue, 43000 Kajang, Selangor
Residensi Bandar Razak
No. D3-48-02, Residensi Bandar Razak, No. 1, Jalan Razak Mansion, Sungai Besi, 57100 Kuala Lumpur
The Scott Garden
No. C-12-20, The Scott Garden, Soho Block C, Kompleks Rimbun Scott Garden, Jalan Klang Lama, 58000 Kuala Lumpur
Putra Majestik
No. A-17-6, Block A, Putra Majestik, Jalan Kasipillay, 51200 Kuala Lumpur
Vista Harmoni
No. B-3A-23, Block B, Vista Harmoni, Jalan 18/144a, Taman Bukit Cheras, 56000 Kuala Lumpur
Residensi Hijauan
No. B2-03-09, Residensi Hijauan, Jalan Budiman 22/3, Seksyen 22, 40300, Shah Alam, Selangor
Residensi Mori Scientex Rawang
No. 12-02, Residensi Mori Scientex Rawang, Taman Scientex Rawang, 48000 Rawang, Selangor
Menara Perniagaan Manjalara
No. A-17-02, 17Th Floor, Block A, Menara Perniagaan Manjalara, Jalan Manjalara Idaman 6 (Jalan 11/62A), Bandar Sri Manjalara, 52200 Kuala Lumpur
Arte + @ Jalan Ampang
No. T1-11-06, Arte + @ Jalan Ampang, No. 3, Lorong Ampang 1, 55000 Kuala Lumpur
Medan Putra Condominium
No. A-1-8, Medan Putra Condominium, No. 5, Jalan Medan Putra 2 (2/62D), 52200 Bandar Menjalara, Kuala Lumpur
Faber Heights Condominium
No. 80-7-3, Blok B, Faber Heights Condominium, Jalan Desa Utama, Taman Desa, 58100 Kuala Lumpur
Tower B
No. B-22-15, Tower B, Mercu Summer Suites, No. 8, Jalan Cendana, Off Jalan Sultan Ismail, 50250 Kuala Lumpur
Wangsa Metroview Condo
No. A-9-5, Wangsa Metroview Condo, Block A, Jalan Metro Wangsa, Wangsa Maju Seksyen 2, 53300 Kuala Lumpur
Meta Residence
No. A-24-06, Meta Residence, Tower A, Jalan Atmosphere Utama 2, Meta City, Bandar Putra Permai, 43300 Seri Kembangan, Selangor
MKH Boulevard
No. A-12-12, MKH Boulevard, Jalan Bukit, 43000 Kajang, Selangor
Pangsapuri Sri Tanjung
No. H537, Blok H, Pangsapuri Sri Tanjung, Jalan Bandar Puchong Jaya, 47170, Puchong, Selangor
Damansara Villa
No. 203, Damansara Villa, Lot 1092, Jalan SS23/1A (Jalan Jenjarom), Taman SEA, 47400 Petaling Jaya, Selangor
Pangsapuri Bukit Awansari
No. 17-6-16, 6th Floor, Block 17, Pangsapuri Bukit Awansari, Jalan Awan Jawa, Taman Yarl, 58200 Kuala Lumpur
Union Heights Condominium
No. 7-8-3, Union Heights Condominium, Jalan Awan Dandan, Taman Yarl, 58200, Kuala Lumpur
Suria Kipark Damansara
No. A-11-01, Block A, Suria Kipark Damansara (Damansara Suria Apartment), Persiaran KIP 2, Taman KIP (Kipark Damansara), 52200 Kuala Lumpur
Shorea Park Residence 1
No. A-20-15, Shorea Park Residence 1, Jalan SP 1, Shorea Park, 47120 Puchong, Selangor
Pangsapuri Simfoni 2
No. 17-3a, Pangsapuri Simfoni 2, Jalan Anggerik Villa 2/3, Taman Anggerik Perdana, 43500, Semenyih, 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.