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.
Ascotte Boulevard @ Bandar Rinching
No. B-20-02, 20th Floor, Block B, Ascotte Boulevard @ Bandar Rinching, Jalan Bandar Rinching 6/1, 43500 Semenyih, Selangor
BSP 21
No. J-22-03A, Block J, BSP 21, Persiaran Saujana Putra Utama, Bandar Saujana Putra, 42610 Jenjarom, Selangor
Sinaran Ukay Condominium
No. 6-07, Sinaran Ukay Condominium, Jalan BU 1/1, Taman Bukit Utama, Bukit Antrabangsa, 68000 Ampang, Selangor
Pangsapuri Idaman Abadi
No. G-14-8, Block G, Pangsapuri Idaman Abadi, Persiaran Tropicana Heights, 43500 Semenyih, Selangor
Acacia Residences
No. AR-11-09, Acacia Residences, Salak Perdana, 43900 Sepang, Selangor
Kiara Plaza
No. A-23A-15, Kiara Plaza, Jalan Semenyih, 43500 Semenyih, Selangor
Desaminium Rimba
No. 1-7-4, Block Merbau, Desaminium Rimba, Taman Desaminium, Lestari Perdana, 43300 Seri Kembangan, Selangor
Dewana Mansion
No. 29-4-3, Dewana Mansion, Jalan Bendahara, Taman Salak Selatan, 57100 Kuala Lumpur
One Equine Residency
No. B-24-14, One Equine Residency, Persiaran Akademi Perdana, Taman Equine, 43300 Seri Kembangan, Selangor
Pangsapuri Akasia
No. E-5-09, Pangsapuri Akasia, Persiaran Kasuarina, Bandar Botanik, 41200, Klang, Selangor
Pelangi Damansara
No. D-13-01, Block D (dahlia), Pelangi Damansara, Pju 6, Persiaran Surian, 47800, Petaling Jaya, Selangor
Desajaya Villa Apartment
No. B-02-10, Block B, Jalan Desajaya 2, Desajaya Villa Apartment, Taman Desajaya, 70400, Seremban, Negeri Sembilan
MKH Boulevard II
No. 28-15, MKH Boulevard II, Jalan Bukit, 43000 Kajang, Selangor
Arte Plus @ Jalan Ampang
No. T3-10-06, Arte Plus @ Jalan Ampang, Jalan Bemban, Off Jalan Ampang, 55000 , Kuala Lumpur
Flora Damansara
No. D-23-19, Block D, Flora Damansara, No. 1, Jalan PJU 8/9, Bandar Damansara Perdana, 47820 Petaling Jaya, Selangor
Pangsapuri Seri Mutiara
No. 05-08-12, Block 5, Pangsapuri Seri Mutiara, Jalan Setia Gemilang U13/45B, Section U13, 40170 Shah Alam, Selangor
Pangsapuri Seri Nuang 1
No. 1-6-06, Pangsapuri Seri Nuang 1, Jalan Gunung Nuang U11/37, Bukit Bandaraya, Seksyen U11, 40170 Shah Alam, Selangor
Residensi Damai Meriah - The Zizz
No. C-10-13A, Block C, Residensi Damai Meriah - The Zizz, No. 2, Jalan PJU 10/1A, Damansara Damai, PJU 10, 47830 Petaling Jaya, Selangor
Pangsapuri Beringin
No. 13-9, Pangsapuri Beringin, Jalan GP 1, Taman Gombak Permai, 68100 Batu Caves, Selangor
Ayuman Suites
No. A-19-06, Level 32, Ayuman Suites, Jalan Sentosa 2, 53100 Gombak, Selangor
Residensi Bistaria
No. F-3-4, Block F, Residensi Bistaria, Jalan Ukay Bistari, Taman Ukay Bistari, 68000 Ampang, Selangor
Residensi Meriah
No. D-19-10, Block D, Residensi Meriah, Persiaran Kajang 2, Kajang 2, 43000 Kajang, Selangor
Permai Ria Condominium
No. E-6-6, Block E, Permai Ria Condominium, Jalan 1/18B, Taman Batu Permai, 51200 Kuala Lumpur
Seri Gembira Apartment
No. 2-5-8, Seri Gembira Apartment, Jalan Trolak 9, Taman Bamboo, 51200 Kuala Lumpur
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.