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.
Pangsapuri Lestari
No. A-7-09, 7th Floor, Block A, Pangsapuri Lestari, Jalan Tasik Permaisuri 3, Bandar Sri Permaisuri, 56000 Kuala Lumpur
The Elements @ Ampang
No. B-15-12, Block B, The Elements @ Ampang, No. 5, Jalan Bemban Ampang, Off Jalan Ampang, 55000 Kuala Lumpur
Mutiara Heights
No. A-23A-03A, Oasis 1, Jalan Mutiara 3, Mutiara Heights, 43000 Kajang, Selangor
Menara Montena
No. 13-3A, Menara Montena, No. 1a, Jalan Damai Purnama, Alam Damai, 56000 Kuala Lumpur
Pangsapuri Damai Vista
No. B-13-02, Pangsapuri Damai Vista, Jalan Damai Perdana 1/1, Bandar Damai Perdana, 56000, Kuala Lumpur
KR 7 Residences
No. A-13-09, Block A, KR 7 Residences, Jalan TPP 5, Taman Mas Langat, 47130 Puchong, Selangor
Mutiara Heights
No. 03-03A, Oasis 2, Jalan Mutiara 3, Mutiara Heights, 43000 Kajang, Selangor
Menara C
No. C-07-03, Menara C, City of Green, Jalan PBS 14/2, Seksyen 13, Taman Bukit Serdang, 43300 Seri Kembangan, Selangor
Residensi Bukit Tiara
No.A-21-13, Residensi Bukit Tiara, Jalan Karunmas 10, 43300 Seri Kembangan, Selangor
The Scott Garden
No. C-13A-33, Block C, The Scott Garden, No. 289, Jalan Klang Lama, 58000 Kuala Lumpur.
Pangsapuri Puchong Permata
No. B-4-02, Pangsapuri Puchong Permata, Jalan Permai 4, Taman Puchong Permai, 47100 Puchong, Selangor
Pusat Perniagaan & Residensi Mesa
No. C-9-14, Blok Calla, Pusat Perniagaan & Residensi Mesa, Persiaran Ilmu, Putra Nilai, 71800 Nilai, Negeri Sembilan
Boulevard 51
No. B-7-20, 7th Floor, Block B, Boulevard 51, Jalan SS 9A/14, Seksyen 51A, 47000 Petaling Jaya, Selangor
Residensi Lili @ Taman Bucida Hijauan
No. A-16-15, Blok A, Residensi Lili @ Taman Bucida Hijauan, Jalan Persiaran Perdana, 71800 Nilai, Negeri Sembilan
Parklane OUG Service Apartment
No. E1-23A-2, Block E1, Parklane OUG Service Apartment, Jalan 1/152, Taman OUG Parklane, 58200 Kuala Lumpur
The Scott Garden
No. B-22-26, Block B, The Scott Garden, No. 289, Jalan Kelang Lama, 58200 Kuala Lumpur.
Pangsapuri Kita Sejati
No. KSB-16-10, Pangsapuri Kita Sejati, Persiaran Cybersouth Perdana, Cybersouth, 43800 Dengkil, Selangor
Level 12
No. 12-13, Level 12, Jalan Saville, Saville D'Lake Sepang 47130 Puchong, Selangor
591 Damansara SA
No. 7-9, 591 Damansara SA, No. 2, Jalan Perimbun 27/11, Seksyen 27, 40400 Shah Alam, Selangor
Damai Vista
No. B-20-03, Damai Vista, Jalan Damai Perdana 1/1, Bandar Damai Perdana, 56000 Kuala Lumpur.
Apartment Servis Sentrovue B
No. 2-8-19, Apartment Servis Sentrovue B, Jalan PPAJ 5, Pusat Perdagangan Alam Jaya, 42300 Bandar Puncak Alam, Selangor
Empire Damansara
No. C-18-10, Block Empire SOHO 1, Empire Damansara, No.2, Jalan PJU 8/8A, Damansara Perdana, 47820 Petaling Jaya, Selangor
BSP 21
No. I-12-08, BSP 21, Persiaran Saujana Putra Utama, Bandar Saujana Putra, 42610 Jenjarom, Selangor
Apartment Taman Medan Jaya
No. D-7-13, Block D, Apartment Taman Medan Jaya, No. 2A, Jalan PJS 2/1, 46000 Petaling Jaya, 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.