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 Palmera
No. B-24-3A, Blok B, Residensi Palmera, Laman Puteri 3, Bandar Puteri Bangi, 43000, Kajang, Selangor
Mentari Court Apartment
No. F-15-23, Mentari Court Apartment, Jalan PJS 8/9, Taman Seri Mentari, 46150, Petaling Jaya, Selangor
Aspire Residence
No. 02-15-04, Block 2, Aspire Residence, Jalan Aspire 1, 63000 Cyberjaya, Selangor
Pangsapuri Akasia Residensi
No. 15-16, Pangsapuri Akasia Residensi, Jalan Kenanga 1/8, Taman Salak Perdana, Bandar Baru Salak Tinggi, 43900 Sepang, Selangor
Tower A
No. A2-03-08, 3rd Floor, Tower A, Residensi Hijauan, Jalan Budiman 22/3, Seksyen 22, 40300 Shah Alam, Selangor
Residensi Suria Pantai
No. 33A-22, Residensi Suria Pantai, No. 11, Jalan Pantai Sentral 3, Pantai Sentral, 59200 Kuala Lumpur
Menara Orkid
No. 47-06-11, Menara Orkid, Jalan 3/48A, Sentul Perdana, Bandar Baru Sentul, 51000 Kuala Lumpur
Sri Suajaya Condominium
No. 200-15-2, Sri Suajaya Condominium, Jalan Kampung Bandar Dalam, Sentul Ulu, 51000 Kuala Lumpur
Putra Court
No. 10B-7-1, Putra Court, Jalan Ipoh Kecil, 50350 Kuala Lumpur
Pangsapuri Damai
No. B-1-2, Pangsapuri Damai, Jalan Tokoh 25/28, Taman Sri Muda, Seksyen 25, 40400 Shah Alam, Selangor
Southern Heights
No. B-3-05, Block B, Southern Heights, Apartment Taman Bukit Mewah, Bukit Antarabangsa, 68000 Ampang, Selangor
Pangsapuri Azaria
No. A-9-6, Pangsapuri Azaria, Jalan Delima 9/KS09, Bandar Parklands, 41200 Klang, Selangor
One Damansara
No. A-19-07, Block A, One Damansara, No. 1, Jalan PJU 10/3c, Damansara Damai, 47830 Petaling Jaya, Selangor
Pangsapuri De Palma
No. DP01-06-09, Level 6, Block 01, Pangsapuri De Palma, No. 6, Persiaran Setia Makmur, Setia Alam, Seksyen U13, 40170 Shah Alam, Selangor
Flora Damansara
No. E-05-02, Block E, Flora Damansara, No.1, Jalan PJU 8/9, Bandar Damansara Perdana, 47820 Petaling Jaya, Selangor
Tower 1
No. 1-31-16, Tower 1, Bayu Residensi @ Seri Temenggung, Jalan Temenggung, 68100 Batu Caves, Selangor
Pangsapuri Tropicana Aman 1
No. D-12-07, Block D, Pangsapuri Tropicana Aman 1, Jalan Aman Simfoni 1, Bandar Tropicana Aman, 42500 Telok Panglima Garang, Selangor
Residensi Parkland @ Kajang 2
No. B-13-13, Residensi Parkland @ Kajang 2, Jalan Zamrud 3, 43000 Kajang, Selangor
Vistana Mahkota
No. 1-30, Vistana Mahkota, Jalan Pahlawan Section 3, Bandar Mahkota Cheras, 43200 Cheras, Selangor
Pangsapuri Melodi Perdana
No. MPB-11-09, Pangsapuri Melodi Perdana, LBS Alam Perdana, Jalan Perdana 1, 42300 Bandar Puncak Alam, Selangor
Bucida Residensi Warnasari 2
No. B-03-01, Bucida Residensi Warnasari 2, Jalan Warnasari 13/1, Seksyen 13, 42300 Bandar Puncak Alam, Selangor
Pangsapuri Sering Casuarina
No. 01-02A, Pangsapuri Sering Casuarina, Taman Sungai Sering, 43200, Cheras, Selangor
Mentari Court
No. A-17-24, Blok A,, Mentari Court, Jalan PJS 8/9, Taman Seri Mentari, 46150, Petaling Jaya, Selangor
Apartment Lake View
No. A-13A-13, Apartment Lake View, Off Jalan Sungai Tua Batu 9 1/2, Taman Jasa Perwira, 68100, Batu Caves, 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.