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 Laman Sari
No. A-37-9, Block A, Residensi Laman Sari, Jalan Batu View, Taman Batu View, 68100 Kuala Lumpur
Plaza Damas 3
No. B-5-9, Plaza Damas 3, Jalan Sri Hartamas 1, Taman Sri Hartamas, 50480 Kuala Lumpur
Arte + @ Jalan Ampang
No. T3-07-06, Arte + @ Jalan Ampang, No. 3, Lorong Ampang 1, 55000 Kuala Lumpur
Mentari Court
No. C-14-10, Blok C, Mentari Court, Jalan PJS 8/9, Taman Seri Mentari, 46150 Petaling Jaya, Selangor
Pangsapuri Nuri Desa Petaling
No. 25-08, Pangsapuri Nuri Desa Petaling, No. 22, Jalan 2/125, Desa Petaling, 57100 Kuala Lumpur
Residensi Impian Awan
No. 14-10, Residensi Impian Awan, No. 3, Jalan Jalil Indah, Bukit Jalil, 57000 Kuala Lumpur
Residensi Max Kolam Air
No. A-37-13, Residensi Max Kolam Air, No. 61, Jalan Kolam Air, Kasipillay, 51200 Kuala Lumpur
Meriah
No. A-25-5, Meriah, Persiaran Kajang 2, Kajang 2, 43000 Kajang, Selangor
Residensi Selayang
No. C-27-22, Residensi Selayang, Jalan Ipoh-Rawang, 68100 Batu Caves, Selangor
Tangerine Suites
No. 23-29, Tangerine Suites, Persiaran Sunsuria, Bandar Sunsuria, 43900 Sepang, Selangor
Pangsapuri Goodview Heights 1
No. E3-1-11, Pangsapuri Goodview Heights 1, Goodview Heights, 43000 Kajang, Selangor
Pangsapuri Indahria
No. P5-10-05, Pangsapuri Indahria, No. 4, Jalan Batu Tiga - Sungai Buluh, Taman Impiana, Seksyen 22, 40300 Shah Alam, Selangor
Sri Gotong Apartment
No. B-18-7, Sri Gotong Apartment, Jalan Batu 7, Medan Batu Caves, 68100 Batu Caves, Selangor
Pangsapuri Akasia
No. I-1-01, Ground Floor, Block I, Pangsapuri Akasia, Persiaran Kasuarina, Bandar Botanic, 41200 Klang, Selangor
Pangsapuri De Kiara
No. DK03-05-16, Block 3, Pangsapuri De Kiara, No. 4, Persiaran Setia Makmur, Setia Alam, Seksyen U13, 40170, Shah Alam, Selangor
Residensi Legendview
No. B-18-12, 18th Floor, Block B, Residensi Legendview, Jalan Setia Jaya, 48000 Rawang, Selangor
Green Acre Park Condominium
No. A6-6-7, Block A6, Green Acre Park Condominium, Bandar Sungai Long, 43000, Kajang, Selangor
Koi Tropika
No. B-01-10, Blok Ogon, Jalan Puchong Batu 13 1/2, Koi Tropika, 47100, Puchong, Selangor
Danau Impian Condominium
No. 17-3-5, Block 17, Block Canary, Danau Impian Condominium, Jalan 3/109F, Taman Danau Desa, 58100 Kuala Lumpur
Residensi Max Kolam Air
No. A-13A-12, Block A, Residensi Max Kolam Air, Jalan Kolam Air 6, Kasipillay 51200 Kuala Lumpur
Pangsapuri Vista Danau Kota
No. 37-19, Pangsapuri Vista Danau Kota, Jalan Danau Saujana 1, Setapak, 53300 Kuala Lumpur
Menara A
No. A-L31-24, Menara A (Akasia), Youth City @ Vision City, Jalan Bandar Belia 1/1, Bandar Wawasan, Putra Nilai, 71800 Nilai, Negeri Sembilan
Kenanga Apartment
No. 6C-07-06, Blok C, Kenanga Apartment, Jalan Wawasan 2/3, Pusat Bandar Puchong, 47100, Puchong, Selangor
Magna Ville
No. 13-17, Blok B, Magna Ville, 68100 Selayang, 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.