5232 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 Seri Permai
No. 2-10, Pangsapuri Seri Permai, Jalan Bahagia 29, Taman Sri Bahagia, 56000, Kuala Lumpur
Pangsapuri Sri Rakyat - Blok B
No. B-14-9, Pangsapuri Sri Rakyat - Blok B, Jalan 14/155C, Bukit Jalil, 57000 Kuala Lumpur
Apartment Skyvillas
No. 14-15, Block A, Apartment Skyvillas, Jalan SP 5/5, Taman Serdang Perdana, Section 5, 43300 Seri Kembangan, Selangor
Pangsapuri Selangorku Sena
No. 04-26, Pangsapuri Selangorku Sena, Jalan Kiara Sungai Long, Bandar Sungai Long, 43000 Kajang, Selangor
Casablanca
No. R1-3-18, Casablanca (Rosewood Court), Bandar Tasik Puteri, 48020 Rawang, Selangor
Pangsapuri Sri Baiduri
No. B-2-12, Block B, Pangsapuri Sri Baiduri, Jalan Ukay Perdana 3, Taman Ukay Perdana, 68000 Ampang, Selangor
Taman Sri Manja
No. 3A11, Blok A, Jalan Pjs 3/55, Taman Sri Manja, 46000, Petaling Jaya, Selangor
Pangsapuri Kita Impian
No. A-04-09, Block A, Pangsapuri Kita Impian, Persiaran Cybersouth Perdana, Cybersouth, 43800 Dengkil, Selangor
Taman Desa Bukit Cahaya
No. MC 4-02, Blok Desa Awana (M), Taman Desa Bukit Cahaya, 56100, Cheras, Kuala Lumpur
Permata Fadason
No. E-08-07, Block E, Permata Fadason, Jalan 2/17, Taman Fadason, 52000 Kuala Lumpur
Encorp Strand Garden Office
No. C-P-3, Encorp Strand Garden Office, No. 12, Jalan PJU 5/1, Kota Damansara, 47810 Petaling Jaya, Selangor
Perdana Selatan
No. C-01-19, Block C, Perdana Selatan, Taman Serdang Perdana, Seksyen 1, 43300 Seri Kembangan, Selangor
Pangsapuri Perdana
No. 3-04-04, Pangsapuri Perdana, Jalan Lompat Pagar 13/37, Seksyen 13, 40100 Shah Alam, Selangor
Pusat Komersial Seksyen 7
No. AC4/21-B, Block B, Tingkat 4, Jalan Plumbum AC 7/AC, Pusat Komersial Seksyen 7, 40000 Shah Alam, Selangor
Tower B
No. B-28-11, Tower B, Residensi Metro Kepong, No. 5, Persiaran Metro Perdana, Taman Metropolitan Kepong, 52100 Kuala Lumpur
Tower A
No. A-13-11, Tower A, Residensi Metro Kepong, No. 5, Persiaran Metro Perdana, Taman Metropolitan Kepong, 52100 Kuala Lumpur
Perumahan Pantai Permai
No. E-15-13, Perumahan Pantai Permai, Jalan Pantai Permai, 59200 Kuala Lumpur
Tasikmas
No. A-36-11, Tasikmas, Jalan 9/118B, Desa Tun Razak, 56000 Cheras, Kuala Lumpur
Gemerlang Court
No. A-3-1, Block A, Gemerlang Court, Jalan TC 1/3, Taman Cemerlang, 53100 Kuala Lumpur
Sri Langkawi 1
No. 04-02-06, Sri Langkawi 1, Blok 4, Off Jalan Gombak, 53000 Kuala Lumpur
Residensi Gurneymas
No. 31-11, Residensi Gurneymas, No. 1, Jalan Bukit Keramat, 54000 Kuala Lumpur
Pangsapuri Seri Malaysia
No. 15-33, Pangsapuri Seri Malaysia, Jalan 3/141, Kg Seri Malaysia, 57100 Kuala Lumpur
Flora Damansara
No. F-17-07, Blok F, Flora Damansara, No. 1, Jalan PJU 8/9, Bandar Damansara Perdana, 47820 Petaling Jaya, Selangor
Pangsapuri Lembah Jaya
No. A-15-02, Pangsapuri Lembah Jaya, Jalan Lembah Jaya, Taman Industri Lembah Jaya, 68000 Ampang, 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 5232 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.