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 Penaga Mas
No. A6-16, Block A, Pangsapuri Penaga Mas, Jalan Pinggiran Mas 1, Taman Mas, 47130 Puchong, Selangor
Pangsapuri Damai Utama
No. B-0-13, Block B, Pangsapuri Damai Utama, Jalan DU 7, Taman Damai Utama, 47180 Puchong, Selangor
Pangsapuri Seri Proton
No. C1-01-09, Block C, Pangsapuri Seri Proton, Lorong Samarinda 6A, Off Jalan Kebun, 41200 Klang, Selangor
Pangsapuri Kos Rendah Kinrara
No. 1-1-06, Pangsapuri Kos Rendah Kinrara, Jalan TK 4/13, 47100 Puchong, Selangor
Desa Mentari
No. B5-11-55, Blok 5, Jalan PJS 6/5A, Desa Mentari, 46000, Petaling Jaya, Selangor
Taman Alam Megah
No. 7, Tingkat 1, Blok 20, Taman Alam Megah, Seksyen 28, 40400, Shah Alam, Selangor
Bandar Bukit Tinggi
No. 7-03-1, Jalan Batu Nilam 1, Bandar Bukit Tinggi, 41200 Klang, Selangor
Pangsapuri Lagoon Perdana
No. 6-06-08, Jalan PJS 9/1, Pangsapuri Lagoon Perdana, Bandar Sunway, 46150 Petaling Jaya, Selangor
Pangsapuri Alora
No. 9A, 1st Floor, Block B2, Pangsapuri Alora, Jalan Damai 25/60, Taman Sri Muda, Bandar Botanik, 41200, Klang, Selangor
Taman Medan Cahaya
No. G-14-09, Blok G, Taman Medan Cahaya, Jalan PJS 2C/2, 46000 Petaling Jaya, Selangor
3rd Floor
No. 3-1, 3rd Floor, Block Dahlia, Lorong 5/1, Taman Dagang, 68000 Ampang, Selangor
Kiara Plaza
No. B-18-03A, Block B, Kiara Plaza, Jalan Semenyih, 43500 Semenyih, Selangor
Pangsapuri Sri Mutiara
No. B-8-2, Pangsapuri Sri Mutiara, Jalan Putra Indah 9/1C, Putra Heights, 47650 Subang Jaya, Selangor
Pangsapuri Sutera
No. B-4-08, 4th Floor, Block B, Pangsapuri Sutera, Jalan Seksyen 3/1A, Taman Kajang Utama, 43000 Kajang, Selangor
Pangsapuri Milia
No. 508, Block 9, Pangsapuri Milia, Jalan Nuri 7/1b, Seksyen 7, Kota Damansara, Pju 5, 47810 Petaling Jaya, Selangor
Pangsapuri Damai Utama
No. D-2-02, Block D, Pangsapuri Damai Utama, Jalan DU 7, Taman Damai Utama, 47180 Puchong, Selangor
Kompleks Suria Kinrara
No. B-13-15, Block B, Kompleks Suria Kinrara, Persiaran Kinrara Section 3, Taman Kinrara Section 3, 41790 Puchong, Selangor
Pangsapuri Selangorku Sena
No. 05-08, Pangsapuri Selangorku Sena, Jalan Kiara Sungai Long, Bandar Sungai Long, 43000 Kajang, Selangor
Desa Mentari 2
No. B9-2-24, Block 9, Jalan PJS 2B/1, Desa Mentari 2, 46150, Petaling Jaya, Selangor
Pangsapuri Enggang
No. F-5-8, Blok F, Pangsapuri Enggang, Jalan Kinrara 6F, Bandar Kinrara, 47100, Puchong, Selangor
Bayu Residensi @ Seri Temenggung
No. 2-12-17, Bayu Residensi @ Seri Temenggung, Jalan Temenggung, 68100 Batu Caves, Selangor
Pangsapuri Seroja
No. 2-6-16, Block 2, Pangsapuri Seroja, No. 2, Jalan Setia Murni U13/5, Seksyen U13, 40170 Shah Alam, Selangor
Flat Medan Cahaya
No. E-6-11, Flat Medan Cahaya, Jalan PJS 2C/2, Taman Medan Cahaya, 46000 Petaling Jaya, Selangor
Gugusan Siantan
No. 1-3-11, Blok 1, Gugusan Siantan, Jalan Sepah Puteri 5/7, Kota Damansara, 47810, Petaling Jaya, 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.