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 Altris
No. B-22-03, Residensi Altris, No. 3, Jalan Wangsa Kuarza, Wangsa Maju, 53300 Kuala Lumpur
Verve Suites KL South @ Jalan Klang Lama
No. A-15-02, Verve Suites KL South @ Jalan Klang Lama, Kuala Lumpur
Residensi Radia
No. E-08-15, Residensi Radia, No. 3, Persiaran Singgahsana, Bukit Jelutong, Seksyen U8, 40150 Shah Alam, Selangor
Almera Residensi
No. AR2-16-08, Almera Residensi, Laman Puteri 3, Bandar Puteri Bangi, 43000 Kajang, Selangor
The Scott Garden SOHO
No. B-06-30, 6th Floor, Block B, The Scott Garden SOHO, Kompleks Rimbun Scott Garden, 289, Jalan Klang Lama, 58000 Kuala Lumpur
The Scott Garden Soho
No. B-23A-29, 23Ath Floor, Block B, The Scott Garden Soho, Kompleks Rimbun Scott Garden, 289, Jalan Klang Lama, 58000 Kuala Lumpur
The Scott Garden Soho
No. C-18-22, Tingkat 18, Blok C, The Scott Garden Soho, Kompleks Rimbun Scott Garden, 289, Jalan Klang Lama, 58000 Kuala Lumpur
Parklane OUG Service Apartment
No. B2-7-2, Parklane OUG Service Apartment, Block B2, No. 1, Jalan 1/152, Taman OUG Parklane, 58200 Kuala Lumpur
Scott Garden Soho
No. B-23A-12, 23Ath Floor, Block B, Scott Garden Soho, Kompleks Rimbun Scott Garden, No. 289, Jalan Klang Lama, 580000 Kuala Lumpur
The Scott Garden Soho
No. B-12-28, Block B, The Scott Garden Soho, Kompleks Rimbun Scott Garden, No. 289, Jalan Klang Lama, 58000 Kuala Lumpur
Residensi Kepongmas
No. A-23A-17, Residensi Kepongmas, No. 7, Jalan Metro Perdana Barat, Taman Metropolitan, 52100 Kuala Lumpur.
Danau Idaman Condominium
No. B-4-2, Block B, Danau Idaman Condominium, Jalan 2/109F, Taman Danau Desa, 58100, Kuala Lumpur
Residensi Prima Alam Damai
No. B3-04-04, Residensi Prima Alam Damai, No. 8, Persiaran Bistari, Alam Damai, 56000 Kuala Lumpur
Idaman Sutera Condominium
No. B-6-3, 6th Floor, Block B, Idaman Sutera Condominium, No.2, Jalan 13/21d, Medan Idaman, 53100 Kuala Lumpur
Residensi Pr1ma Alam Damai
No. B3-40-04, Residensi Pr1ma Alam Damai, No. 8, Persiaran Bistari, Alam Damai, 56000 Kuala Lumpur
Endah Regal Condominium
No. C-11-4, Blok C, Endah Regal Condominium, Jalan 3/149E, Taman Sri Endah, 57000 Kuala Lumpur
May Tower Service Apartment
No. 7-10-9, May Tower Service Apartment, No. 7 Jalan Munshi Abdullah, 50100 Kuala Lumpur
Residensi Vista Saujana
No. 37-01, Residensi Vista Saujana, No. 3, Jalan Danau Saujana 2, Taman Danau Kota, Setapak, 53100 Kuala Lumpur
DK Impian
No. B-14-19, DK Impian, Jalan Uranus U5/125a, Subang Pelangi, Seksyen U5, 40150 Shah Alam, Selangor
Residensi PR1MA Bandar Bukit Mahkota
No. B-14-07, Residensi PR1MA Bandar Bukit Mahkota, Persiaran Mahkota 1, 43000 Kajang, Selangor
Axis Crown @ Axis Pandan
No. E10-01, Axis Crown @ Axis Pandan, Taman Cempaka, 68000 Ampang, Selangor
Residensi Armani Sungai Long
No. 3-09, Residensi Armani Sungai Long, Jalan Bukit Suria, 43000 Kajang, Selangor
BSP 21
No. G-06-07, Block G, BSP 21, Persiaran Saujana Putra Utama, 42610 Bandar Saujana Putra, Selangor
Aspire Residence
No. 1-21-09, Block 1, Aspire Residence, Jalan Aspire 1, Cyber 10, 63000 Cyberjaya, 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.