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.
RPR Batu Muda Batu 5
No. G-13-01, Block G, RPR Batu Muda Batu 5, Jalan Ipoh, 51100 Kuala Lumpur
Taman Kajang Perdana
No. C-02-08, Block C, Jalan KP 2, Taman Kajang Perdana, 43000 Kajang, Selangor
Pangsapuri Indah Selangorku
No. B-06-08, Pangsapuri Indah Selangorku, Jalan Sejahtera, Taman Salak Sejahtera, 43900 Sepang, Selangor
Residensi Emas
No. B-39-02, Blok B, Residensi Emas, Jalan Zamrud 2, Sungai Tangkas, 43000 Kajang, Selangor
Kompleks Suria Kinrara
No. A-09-07, Kompleks Suria Kinrara, Persiaran Kinrara, Taman Kinrara, Seksyen 3, 47100 Puchong, Selangor
Rumah Pangsa Kos Rendah Seksyen 7
No. 54-2-20, Rumah Pangsa Kos Rendah Seksyen 7, Jalan Plumbum 7/100a, Seksyen 7, 40000, Shah Alam, Selangor
Gombak Fasa 2
No. 26-02-01, Block 26, Gombak Fasa 2, Off Jalan Gombak, 53100 Kuala Lumpur
Apartment E-Mas Villa
No. E-407, Apartment E-Mas Villa, Jalan Mawar 2A, Taman Mawar, Bandar Baru Salak Tinggi, 43900 Sepang, Selangor
The Residence 1
No. TR1-05-09, The Residence 1, Jalan TE 5, Taman Tiara East, 43500 Semenyih, Selangor
Kiambang Apartment
No. I-G-07, Block I, Kiambang Apartment, Jalan Putra Perdana 5F, Taman Putra Perdana, 47100 Puchong, Selangor
Taman Indah Perdana
No. G-505, Blok G, Persiaran Perdana 2, Taman Indah Perdana, Kepong, 52100 Kuala Lumpur
3rd Floor
No. 72-3-1, 3rd Floor, Block L, Jalan Matang, Taman Sri Kuching, 51200 Kuala Lumpur
Kondo Rakyat Desa Pantai
No. 3-18-9, Kondo Rakyat Desa Pantai, Jalan Pantai Murni 2, Pantai Dalam, 59200 Kuala Lumpur
Wangsa Maju
No. 403, Block A11, Seksyen 4, Wangsa Maju, 53300 Kuala Lumpur
Pangsapuri Cheras 4E
No. 20-01-14, Blok 20, Pangsapuri Cheras 4E (Kasturi), Jalan 1/89A, Batu 4 Jalan Cheras, 56000 Kuala Lumpur
Bandar Baru Sentul
No. 27-01-09, Bandar Baru Sentul, 51000 Kuala Lumpur
Kondo Rakyat Desa Pantai Blok 3
No. 3-02-7, Kondo Rakyat Desa Pantai Blok 3, Jalan Pantai Dalam, 59200 Kuala Lumpur.
Iris Apartment
No. C-3-1, Block C, Iris Apartment, Jalan 2/109C, Taman Abadi Indah, 58100 Kuala Lumpur
Bandar Baru Sentul
No. 73-04-27, Block 73 Merbah, Jalan 2/48A, Bandar Baru Sentul, 51000 Kuala Lumpur
Pangsapuri Selangorku Sena
No. 13-29, Pangsapuri Selangorku Sena, Jalan Kiara Sungai Long, Bandar Sungai Long, 43000 Kajang, Selangor
Taman Medan Cahaya
No. E-10-06, Taman Medan Cahaya, Jalan PJS 2C/2, 46000 Petaling Jaya, Selangor
Flora Damansara
No. B-23-22A, Blok B, Flora Damansara, No. 1, Jalan Pju 8/9, Bandar Damansara Perdana, 47820 Petaling Jaya, Selangor
Pangsapuri Iris
No. E-103, Pangsapuri Iris, Persiaran Saujana 4, Taman Saujana Utama, 47000 Sungai Buloh, Selangor
Puchong Utama Court 2
No. HH-G-15, Block HH, Puchong Utama Court 2, No. 1, Jalan Puchong Utama 6, 47140 Puchong, 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.