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 PR1MA Alam Damai
No. B4-32-05 (on-site is Blok B4), Residensi PR1MA Alam Damai, No. 8, Persiaran Bistari Alam Damai Cheras, 56000 Kuala Lumpur
Condominium Sentul Utama
No. B-05-13A, Condominium Sentul Utama, Jalan Dato Senu 26, Taman Dato Senu, Bandar Sentul Utama, 51200 Kuala Lumpur
Residensi MH Platinum 2
No. B-27-11, Residensi MH Platinum 2, No. 12, Jalan Usahawan 6, Setapak Jaya 2, 53200 Kuala Lumpur
11th Floor
No. E1-11-13, 11th Floor, Block E1, Parklane OUG, No. 1, Jalan 1/152, Taman OUG Parklane, 58200 Kuala Lumpur.
Tower A
No. A-8-21, Tower A, Vierra Residence (Residensi Varia), No. 6, Jalan Mas, Bukit Jalil, 58200 Kuala Lumpur
Residensi Awani IV
No. A2-17-01, Residensi Awani IV, Jalan Santuari Utama, Setapak, 53100 Kuala Lumpur
Pangsapuri Vista Danau Kota
No. 22-20, Pangsapuri Vista Danau Kota, Jalan Danau Saujana 1, Setapak, 55300 Kuala Lumpur
Residensi Laman Sari
No. B-39-15, Residensi Laman Sari, No. 50, Jalan Batu View, Taman Batu View, 68100 Kuala Lumpur
Apartment Lili Petaling
No. A-09-07, Apartment Lili Petaling, No. 8, Jalan Kuchai Maju 13, Taman Kuchai Entrepreneur, 58200 Kuala Lumpur
Silk Sky
No. L23-31, Silk Sky, Jalan KB 2/15, Kampung Baharu, Balakong, 43300 Seri Kembangan, Selangor
Alinea
No. 18-11, Alinea, No. 1, Presint 2.8, Jalan Perdagangan 14/4, Seksyen 14, 40000 Shah Alam, Selangor
Kiara Plaza
No. A-16-18, Block A, Kiara Plaza, Jalan Semenyih, 43500 Semenyih, Selangor
Residensi Sutera 7
No. A-08-07, Block A, Residensi Sutera 7, Jalan Sutera 1/2, Taman Sutera Kajang, 43000 Kajang, Selangor
Banjaria Court
No. B2-5-4, Banjaria Court,Jalan Samudera Timur, Selayang, 68100 Batu Caves, Selangor
Sri Gotong Apartment
No. A-7-5, Block A, Sri Gotong Apartment, Jalan Batu 7, Medan Batu Caves, 68100 Batu Caves, Selangor
Prestige Residence
No. B-13-09, Block B, Prestige Residence, No. 1, Persiaran Lestari Perdana, Taman Lestari Perdana, 43300 Seri Kembangan, Selangor
Saville D'Lake
No. 10-09, Saville D'Lake, Jalan Saville, 47130 Puchong, Selangor
Residensi Adelia 2
No. C-12-2, Block C, Residensi Adelia 2, Persiaran Bangi Avenue 2, Taman Bangi Avenue, 43000 Kajang, Selangor
Pandan Utama Apartment
No. B-7-9, Block B, Pandan Utama Apartment, Lorong Pandan Pertama 1, Pandan Utama, 68000 Ampang, Selangor
Residensi Mutiara
No. B-25-19, Residensi Mutiara, Jalan Zamrud Utama, Sungai Tangkas, 43000 Kajang, Selangor
Ivory Residence
No. B-21-08, 21st Floor, Block B, Ivory Residence, Jalan Mutiara 2, Mutiara Heights, 43000 Kajang, Selangor
Residensi Prima
No. A-8-8, Block A, Residensi Prima, Bandar Bukit Mahkota, Persiaran Mahkota 1, 43000 Kajang, Selangor
Taman Cheras Utama
No. 3-09-07, Block 3, Jalan CU 1/A, Taman Cheras Utama, 43200 Cheras, Selangor
Saville @ Kajang
No. A-13A-13A, Saville @ Kajang, Jalan Reko, 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 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.