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 Seri Nilam
No. E-06-20, Block E, Pangsapuri Seri Nilam, Jalan Wawasan Ampang 3/8, Bandar Baru Ampang, 68000 Ampang, Selangor
Pangsapuri Cempaka
No. 01-13, Pangsapuri Cempaka, Jalan Prima 7/1, Taman Puchong Prima, 47150, Puchong, Selangor
Level 3
No. 315, Level 3, Block 5, Rumah Pangsa PKNS, Jalan 7/1, 43300 Seri Kembangan, Selangor
Taman Perkasa
No. M05-4-03, Block M5, Jalan 10/2, Taman Perkasa (R/Pangsa), 43100, Hulu Langat, Selangor
Desa Mentari 2
No. B10-15-01, Blok 10, Jalan PJS 2B/1, Desa Mentari 2, 46150, Petaling Jaya, Selangor
Apartment Kiambang
No. C-4-06, Apartment Kiambang, Jalan Putra Perdana 5F, Taman Putra Perdana, 47130 Puchong, Selangor
Taman Ampang Saujana
No. A2-00-06, Persiaran Saujana, Taman Ampang Saujana, 68000 Ampang, Selangor
Pangsapuri Sri Mutiara
No. B-6-23, Pangsapuri Sri Mutiara, Jalan Putra Indah 9/1C, Seksyen 9, Putra Height, 47650, Subang Jaya, Selangor
Taman Ampang Saujana
No. A4-00-04, Block A4, Persiaran Saujana, Taman Ampang Saujana, 68000, Ampang, Selangor
The Domain 2
No. A-13-02, The Domain 2, Neocyber, Lingkaran Cyber Point Barat, Cyber 12, 63000 Cyberjaya, Selangor
Pangsapuri Ruby
No. E-404, Level 4, Pangsapuri Ruby, Jalan Matahari U5/117, Seksyen U5, 40150 Shah Alam, Selangor
Flora Damansara
No. H-23-19, Block H, Flora Damansara, No. 1, Jalan PJU 8/9, Bandar Damansara Perdana, 47820 Petaling Jaya, Selangor
Pangsapuri Flora II
No. 7-3-08, Block 7, Pangsapuri Flora II, Jalan Asteroid U5/30, Seksyen U5, 40150, Shah Alam, Selangor
Pelangi Court
No. C1-3-5, Block C1, Pelangi Court, Jalan Pekan Baru, 41050 Klang, Selangor
Abadi Indah Kondo
No. 9-11-2, Abadi Indah Kondo, Jalan 3/109C, Taman Abadi Indah, 58100 Kuala Lumpur
Pangsapuri Seri Perindu
No. B-3-12, Tingkat 3, Block B, Pangsapuri Seri Perindu, Jalan 7/154D, Alam Damai, 56000 Kuala Lumpur
Havard Tower
No. HT-16-09, Havard Tower, Garden Plaza, Cyber 3, 63000 Cyberjaya, Selangor
Pangsapuri Taman Industri Lembah Jaya
No. 09-05, Block A, Pangsapuri Taman Industri Lembah Jaya, Off Jalan Lembah Jaya, Taman Industri Lembah Jaya, 68000 Ampang, Selangor
Pangsapuri Jelutong Jalan SH 1/2
No. B-12-16, Pangsapuri Jelutong Jalan SH 1/2, Selayang Heights 68100 Batu Caves, Selangor Darul Ehsan
Desa Mentari 3
No. 11-07-21, Blok 11, No. 22, Jalan PJS 2D/1, Desa Mentari 3, 46000, Petaling Jaya, Selangor
Kompleks Otomobil Shah Alam
No. 79-3A, Blok 15, Jalan Pahat K 15/K, Kompleks Otomobil Shah Alam, Seksyen 15, 40200 Shah Alam, Selangor
Pangsapuri Putra Indah
No. H-4-9, Pangsapuri Putra Indah, Jalan PP 16, Taman Pinggiran Putra, Seksyen 2, 43300, Seri Kembangan, Selangor
Taman Perkasa
No. M19-3-03, Blok M19, Jalan 10/1, Taman Perkasa (Rumah Pangsa), 43100, Hulu Langat, Selangor
Pangsapuri Angsana
No. G3-03-08, Block G, Pangsapuri Angsana, Persiaran Mewah, USJ 1, Subang 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 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.