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.
Pangsapuri Rimba
No. A-06-12, Blok A, Pangsapuri Rimba, Jalan Lengkuas 16/19, Seksyen 16, 40200 Shah Alam, Selangor
Residensi Rimbun
No. B-16-32, Block B, Residensi Rimbun (Canopy Hills), Jalan Zamrud Utama, 43000 Kajang, Selangor
Taman Medan Jaya Apartment
No. C-04-19, 4th Floor, Block C, Taman Medan Jaya Apartment, No. 2A, Jalan PJS 2/1, Taman Medan Jaya, 46000 Petaling Jaya, Selangor
Tiara Imperio
No. A-7-20, Block A, Tiara Imperio, Jalan Ilmiah 1, 43000 Kajang, Selangor
Gugusan Semarak
No. 1-4-12, Block 1, Gugusan Semarak, Jalan Camar 4/1, Seksyen 4, Kota Damansara, 47810 Petaling Jaya, Selangor
Taman Medan Cahaya
No. H-01-08, Block H, Jalan PJS 2c/2, Taman Medan Cahaya (Fasa 2), 46000 Petaling Jaya, Selangor
Apartment Taman Medan Jaya
No. C-6-16, Block C, Apartment Taman Medan Jaya, No. 2A, Jalan PJS 2/1, Petaling Jaya, Selangor
Puchong Utama Court 2
No. GG-3-20, Puchong Utama Court 2, No. 1, Jalan Puchong Utama 6, (on-site is Taman Puchong Utama), 47140 Puchong, Selangor
Pangsapuri Kiambang
No. B-2-04, Block B, Pangsapuri Kiambang, Taman Putra Perdana, 47130 Puchong, Selangor
Taman Medan Cahaya
No. C-13-09, Block C, Jalan PJS 2C/2, Taman Medan Cahaya, 46000 Petaling Jaya, Selangor
Rumah Pangsa
No. 404, Blok 11, Rumah Pangsa (Kos Sederhana), Sek. 24, Seksyen 24, 40300, Shah Alam, Selangor
Pangsapuri Rimba
No. B-09-01, Pangsapuri Rimba, Jalan Lengkuas 16/19, Seksyen 16,, 40200 Shah Alam, Selangor
Apartment Permai Ria
No. 03-10, Apartment Permai Ria, Jalan Permai M, Bukit Ampang Permai, 68000 Ampang, Selangor
Pangsapuri Topaz
No. B-2-20, Block B, Pangsapuri Topaz, Taman Topaz, 43800 Dengkil, Selangor
Pangsapuri Sri Mutiara
No. A-9-19, Pangsapuri Sri Mutiara, Jalan Putra Indah 9/1C, Putra Heights, 47650, Subang Jaya, Selangor
Astana Alam 3
No. Juwita 04-04, Astana Alam 3, Jalan Astana 13/2, Seksyen 13, 42300 Bandar Puncak Alam, Selangor
Pangsapuri Desa Perangsang
No. A-4-09, Block A, Pangsapuri Desa Perangsang, Jalan PJS 3/52, Taman Medan, 46150 Petaling Jaya, Selangor
Residensi Warnasari 3
No. GR-21, Block Alpinia Abadi, Residensi Warnasari 3, Jalan Warnasari 13/1, 42300 Bandar Puncak Alam, Selangor
Desa Mentari 2
No. B10-13-30, Block 10, Jalan PJS 2B/1, Desa Mentari 2, 46150 Petaling Jaya, Selangor
Pangsapuri Petaling Perdana
No. G-01-03, Block G, Pangsapuri Petaling Perdana, Jalan Pjs 1/21, Taman Petaling Utama, 46150 Petaling Jaya, Selangor
Pangsapuri Angsana
No. B-10-13, Blok B, Pangsapuri Angsana, Persiaran Subang Mewah, USJ 1, 47620, Subang Jaya, Selangor
Pangsapuri Sri Mutiara
No. C-4-24, Pangsapuri Sri Mutiara, Jalan Putra Indah 9/1C, Putra Heights, 47650 UEP Subang Jaya, Selangor
Taman Medan Cahaya
No. A-08-04, Block A, Taman Medan Cahaya, No. 49, Jalan Pjs 2c/2, 46000, Petaling Jaya, Selangor
Pangsapuri Kenanga
No. A-4-13, Pangsapuri Kenanga, Jalan TBK 1/10, Taman Bukit Kinrara, 47100 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 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.