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.
Residensi Bandar Razak
No. D3-48-9, Residensi Bandar Razak, No. 1, Jalan Razak Mansion, Sungai Besi, 57100 Kuala Lumpur
Suite Dex
No. A-21-07, Suite Dex (Menara A), No. 7, Jalan 3/18A, Taman Mastiara, 51200 Kuala Lumpur
Pangsapuri Pelangi Heights
No. B-2-3, 2nd Floor, Block B, Pangsapuri Pelangi Heights, Jalan Pelangi, 41300 Klang, Selangor
Tower 1
No. A-15-03, Tower 1 (Block A), 188 Suites, Jalan Cendana, 50250 Kuala Lumpur
Vina Residency
No. A-01-05, Block A, Vina Residency, Jalan Seri Taming 2A, Taman Seri Taming, 43200 Cheras, Selangor
Mirage Perdana Lakeview West
No. B3-02-02, Block B, Mirage Perdana Lakeview West, Cyber 7, 63000 Cyberjaya, Selangor
Koi Suite
No. E-13A-13A, Koi Suite, Jalan Pinggiran Mas, Taman Mas Langat, 47130 Puchong, Selangor
Residensi Max Kolam Air
No. B-13-10, Block B, Residensi Max Kolam Air, No. 61, Jalan Kolam Air 6, Kasipillay 51200 Kuala Lumpur
BSP 21
No. J-25-07, Block J, BSP 21, Jalan Saujana Putra, Bandar Saujana Putra, 42610 Jenjarom, Selangor
Menara Simfoni
No. B-19-1, Menara Simfoni, Jalan Simfoni 2, Balakong, 43300 Seri Kembangan, Selangor
Residensi The Edge
No. 9-13, Residensi The Edge, Persiaran Subang Indah, USJ 1, 47600 Subang Jaya, Selangor
Pangsapuri Idaman Abadi
No. B-16-4, Block B, Pangsapuri Idaman Abadi, Persiaran Tropicana Heights, 43500 Semenyih, Selangor
Pangsapuri Trifolia
No. B-07-16, 7th Floor, Block B, Pangsapuri Trifolia, Jalan Samarinda 19A/KS07, Taman Saga, Kampung Jawa, 41000 Klang, Selangor
Residensi Armani Sungai Long
No. 13A-3A, Residensi Armani Sungai Long, Jalan Bukit Suria, 43000 Kajang, Selangor
Parklane OUG Service Apartment
No. C1-8-11, Block C1, Parklane OUG Service Apartment, Jalan 1/152, Taman OUG Parklane, 58200 Kuala Lumpur
Pangsapuri Azaria
No. B-0-11, Pangsapuri Azaria, Jalan Delima 9/KS9, Bandar Parklands, 41200 Klang, Selangor
Pangsapuri Jati 1
No. N-03-05, Block N, Pangsapuri Jati 1, Persiaran Mewah, USJ 1, 47620 Subang Jaya, Selangor
Ampang Putra Residensi
No. B-13-10, Ampang Putra Residensi, Jalan Ampang Putra 6, Taman Putra Sulaiman, 68000 Ampang, Selangor
Horizon Suite
No. A-19-25, Block A, Horizon Suite, Jalan Horizon, Bandar Sunsuria, 43900 Sepang, Selangor
Residensi Emas
No. A-28-34, Block A, Residensi Emas, Jalan Zamrud 2, Sungai Tangkas, 43000 Kajang, Selangor
Menara Simfoni
No. C-13A-2, Block C, Menara Simfoni, Jalan Simfoni 2, Balakong, 43300 Seri Kembangan, Selangor
Residensi Minest
No. A-19-12, Block A, Residensi Minest, Jalan Sinar Sentul 4, Sentul, 51000 Kuala Lumpur
RSKU @ Puncak Indah
No. 19-10, RSKU @ Puncak Indah, Jalan TPI Utama, Taman Puncak Indah, 68000 Ampang, Selangor
Pangsapuri Putra
No. E-12-1, Block E, Pangsapuri Putra, Jalan Putra Impian, Taman Putra Impian, 43000 Kajang, 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.