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.
Cempakapuri Apartment
No. B7-G-8, Cempakapuri Apartment, Putra Nilai, 71800 Nilai, Negeri Sembilan
Pangsapuri Sri Proton
No. C1-4-05, Pangsapuri Sri Proton, Lorong Samarinda 6a, 41000, Klang, Selangor
Saujana Ria Apartment
No. SR-6-31, Saujana Ria Apartment, Jalan Wangsa 2/6, Taman Wangsa Permai, 52200 Kuala Lumpur
Permai Apartment
No. G-217, Block G, Permai Apartment, No.13, Jalan PJU 10/1, Damansara Damai, 47830 Petaling Jaya, Selangor
Kompleks Midlandscity
No. A-08-11, Kompleks Midlandscity, Persiaran Setia Mayuri-Midlands, 43500 Semenyih, Selangor
Taman Medan Cahaya
No. A-06-03, Block A, Taman Medan Cahaya, No. 49, Jalan Pjs 2c/2, 46000, Petaling Jaya, Selangor
Desa Mentari
No. B5-7-13, Block 5, Jalan PSJ 6/5B, Desa Mentari, 46000 Petaling Jaya, Selangor
Rumah Pangsa Kos Rendah
No. B-15-4, Block B, Rumah Pangsa Kos Rendah, Jalan 3/23D, Taman Danau Kota, Off Jalan Genting, 53300 Kuala Lumpur
Pangsapuri Enggang
No. B-8-5, Level 8, Block B, Pangsapuri Enggang, Jalan Kinrara 6F, Bandar Kinrara, 47180 Puchong, Selangor
Pangsapuri Desa Lembah Permai
No. B1-9-20, Block 1, Pangsapuri Desa Lembah Permai, Jalan Permai 13, Desa Lembah Permai, 68000 Ampang, Selangor
Bandar Baru Sentul
No. 25-04-27, Bandar Baru Sentul, 51000 Kuala Lumpur
Pandan Mewah
No. A2-2-19, Block A2, Jalan Mewah 4, Pandan Mewah, 68000 Ampang, Selangor
Desa Lembah Permai
No. B3-09-27, Block B3, Desa Lembah Permai, 68000 Ampang, Selangor
Pangsapuri Melati
No. 3-2-17, Pangsapuri Melati, No. 1, Jalan Metafasa U16/3,Taman Bukit Subang, Seksyen U16, 40160 Shah Alam, Selangor
Pangsapuri Puchong Permata
No. B-1-12, Pangsapuri Puchong Permata, Jalan Permai 4, Taman Puchong Permai, 47150 Puchong, Selangor
Indah Condominium
No. B-4-16, Indah Condominium, Jalan PJU 10/9, Prima Damansara, 47830 Petaling Jaya, Selangor
Sri Manja Square 1
No. 31-5, Block F, Sri Manja Square 1, Jalan PJS 3/48, Taman Sri Manja, 46000 Petaling Jaya, Selangor
Pangsapuri Puchong Permata
No. D-3-05, Block D, Pangsapuri Puchong Permata, Jalan Permai 4, Taman Puchong Permai, 47150, Puchong, Selangor
Pandan Indah
No. 19C, Tingkat 3, Jalan Pandan Indah 1/23D, Pandan Indah, 55100 Kuala Lumpur
Pangsapuri PKNS
No. 207, Blok 10, Pangsapuri PKNS, Jalan Selar 17/26, Seksyen 17, 40200, Shah Alam, Selangor
Puncak Athenaeum
No. B18-04, Puncak Athenaeum, Jalan Wangsa 5A, Bukit Antarabangsa, 68000 Ampang, Selangor
Lakeview Apartment
No. B-17-09, Blok B, Lakeview Apartment, Off Jalan Sungai Tua 9 ½, Taman Jasa Perwira, 68100, Batu Caves, Selangor
Taman Setapak Jaya
No. 30-03-20, Blok 30, Jalan Rejang 11, Taman Setapak Jaya, 53300 Kuala Lumpur
Camelia Court
No. C2-2-6, Camelia Court, Taman Desa Puteri, 48020 Rawang, 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.