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.
Prestige Residence
No. A-1-08, Block A, Prestige Residence, Persiaran Lestari Perdana, Taman Lestari Perdana, 43300 Seri Kembangan, Selangor
Prestige Residence
No. A-12-17, Blok A, Prestige Residence, Persiaran Lestari Perdana, Taman Lestari Perdana, 43300 Seri Kembangan, Selangor
Pelangi Damansara
No. E-1-13A, Block E (Anggerik), Pelangi Damansara, PJU 6, Persiaran Surian, 47800 Petaling Jaya, Selangor
Residensi Emas
No. A-27-26, Block A, Residensi Emas, Jalan Zamrud 2, Sungai Tangkas, 43000 Kajang, Selangor
Menara Kayangan Damai
No. P-11-12, Menara Kayangan Damai, Jalan PJU 8/1, Damansara Perdana, 47820 Petaling Jaya, Selangor
3rd Floor
No. A-3-4, 3rd Floor, Block A, Taman Setapak Indah, 53300 Kuala Lumpur
Residensi Adelia 3
No. D-24-11, Block D, Residensi Adelia 3, Persiaran Bangi Avenue 2, Taman Bangi Avenue, 43000 Kajang, Selangor
Akasia Apartment
No. 7A-02-01, Block A, Akasia Apartment, Jalan Wawasan 2/3, Pusat Bandar Puchong, 47160, Puchong, Selangor
Residensi Zamrud A&B
No. A-12-23, Residensi Zamrud A&B, Jalan Zamrud Utama, 43000 Kajang, Selangor
Pangsapuri Damai
No. E-10-9, Pangsapuri Damai, Jalan Tokoh 25/28, Taman Sri Muda, Section 25, 40400 Shah Alam, Selangor
Sri Cempaka Apartment
No. KD-04-03, Blok D, Sri Cempaka Apartment, Persiaran Indera, Pusat Bandar Puchong, 47160 Puchong, Selangor
Apartment Sri Rampai
No G141-1, Block G, Apartment Sri Rampai (Rampai Court Apartment), Jalan 35/26, Taman Sri Rampai, 53300 Kuala Lumpur
Desa Mutiara
No. H-02-14, Desa Mutiara, No. 3, Lorong PJU 7/15B, Mutiara Damansara, 47800 Petaling Jaya, Selangor
Residensi Kepongmas
No. B-32-11, Residensi Kepongmas, Jalan Metro Perdana Barat, Taman Metropolitan, 52100 Kuala Lumpur
Pangsapuri Karisma
No. K02-G-05, Block 2, Pangsapuri Karisma, Jalan Eco Majestic 3A/5, Eco Majestic, 43500, Semenyih, Selangor
Pangsapuri Ilham
No. 4, Tingkat 1, Block 24, Pangsapuri Ilham, Jalan Sastera U2/1, Taman TTDI Jaya, 40150 Shah Alam, Selangor
Residensi Mutiara
No. A-15-08, Residensi Mutiara, Jalan Zamrud Utama, Sungai Tangkas, 43000 Kajang, Selangor
Pangsapuri Subang Suria
No. 02-02-27, Pangsapuri Subang Suria, Jalan Bintang U5/33, Seksyen U5, 40150, Shah Alam, Selangor
Apartments Desa Sri Puteri - B
No. B-19-5, Apartments Desa Sri Puteri - B, Jalan 1/125G, Desa Sri Puteri, 57100 Kuala Lumpur
Lake Haven
No. B-6-11, Lake Haven, Jalan Putra Perdana 14, Taman Putra Perdana, 47100 Puchong, Selangor
Tinta Residensi
No. A-4-14, Block A, Tinta Residensi, Taman Nada Bidara, 71950 Labu, 71950 Seremban, Negeri Sembilan
Pangsapuri Simfoni
No. S03-3A-17, Block 3, Pangsapuri Simfoni, Jalan Eco Majestic 3A/5, Eco Majestic, 43500 Semenyih, Selangor
Pangsapuri Puncak Baiduri
No. B-1-05, 1st Floor, Block B, Pangsapuri Puncak Baiduri, 43200, Cheras, Selangor
Kip Core Sentral
No. A-13A-24, Kip Core Sentral, Persiaran Warisan, Kip Sentral. 43900 Sepang, 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.