5260 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.
Emerald 9 Cheras
No. D-21-6, Blok B, Emerald 9 Cheras, Persiaran Awana, 43200 Cheras, Selangor
Sri Putramas Condominium
No. B-5-3, Sri Putramas Condominium, No. 1, Jalan Putramas 1, Off Jalan Kuching, 51200 Kuala Lumpur
Pangsapuri Tropicana Aman 1
No. C-13A-06, Block C, Pangsapuri Tropicana Aman 1, Jalan Aman Simfoni 1, Bandar Tropicana Aman, 42500 Telok Panglima Garang, Selangor
Kondo Puncak Seri Kelana
No. 1-3-7, Aras 3, Blok 1, Kondo Puncak Seri Kelana, Jalan PJU 1A/46, 47200, Petaling Jaya, Selangor
Arinna Kemuning Utama
No. A-09-04, Arinna Kemuning Utama, Jalan Sungai Terap 32/173, Seksyen 32, 40460 Shah Alam, Selangor
Mahkota Garden
No. B-3-01, Block B, Mahkota Garden, Jalan Mahkota Garden, Off Persiaran Mahkota Residence, Bandar Mahkota Cheras, 43200 Cheras, Selangor
Residensi Legendview
No. C-11-13, Block C, Residensi Legendview, Jalan Setia Jaya, Taman Setia Jaya, 48000 Rawang, Selangor
Tower B
No. B-29-7, Tower B, Zenopy Residences, Jalan LP 7/4, Taman Lestari Perdana, Bandar Putra Permai, 43300 Seri Kembangan, Selangor
Anjung Villa Condominium
No. C-4-5, Block C, Anjung Villa Condominium, Jalan 1/48A, Bandar Baru Sentul, 51000 Kuala Lumpur
Netizen Residensi
No. A-L11-08, Netizen Residensi, Lebuh Utama Tun Hussein Onn, 43200 Cheras, Selangor
M City
No. 1-27-01, M City, Jalan Ampang, 50450 Kuala Lumpur.
Residensi Mori Scientex Rawang
No. 11-11, Residensi Mori Scientex Rawang, Taman Scientex Rawang, 48000 Rawang, Selangor
Rimbun Sanctuary
No. A-01-05, Rimbun Sanctuary, Jalan Birai U8/54, Bukit Jelutong, Seksyen U8, 40150 Shah Alam, Selangor
Plaza @ Kelana Jaya
No. B-13A-03A, Block B, Plaza @ Kelana Jaya, No. 9, Jalan SS 7/13B, 47301 Petaling Jaya, Selangor
Kondominium Bayu Jalil
No. 8-11, Kondominium Bayu Jalil (The Jalil), Jalan Persiaran Puncak Jalil, Taman Puncak Jalil, Bandar Putra Permai, 43300 Seri Kembagan, Selangor
Henna Residensi
No. A2-37-03A, Henna Residensi, No. 2, Jalan Wangsa Kuarza, Wangsa Maju, 53300, Kuala Lumpur
Pangsapuri Embun Bayu
No. C-6-15, Pangsapuri Embun Bayu, Persiaran Kosmos, Subang Murni Seksyen U5, 40150 Shah Alam, Selangor
Edusentral
No. I-18-3A, Block I, Edusentral, No. 1, Jalan Setia Murni U13/51, Setia Alam Seksyen U13, 40170 Shah Alam, Selangor
Savanna Executives Suites
No. D1-05-08, Savanna Executives Suites, Jalan Southville 2, Southville City, 43800 Dengkil, Selangor
Parklane OUG Service Apartment
No. D2-30-03, Block D2, Parklane OUG Service Apartment, Jalan 1/152, Taman OUG Parklane, 58200 Kuala Lumpur
Apartment Putra Satu
No. B4-5-3, Apartment Putra Satu, Persiaran Seri Putra 2, Bandar Seri Putra, 43000 Kajang, Selangor
Skylake Residence
No. B-14-12, Skylake Residence, Jalan Putra Perdana 5A, Taman Putra Perdana, 47130 Puchong, Selangor
One Damansara
No. A-09-03, Block A, One Damansara, No. 1, Jalan PJU 10/3C, Damansara Damai, 47830 Petaling Jaya, Selangor
Mercu Jalil
No. A-41-17, (PPAM), Mercu Jalil, No. 1, Jalan Jalil Impian 1, Bukit Jalil, 57000 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 5260 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.