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.
Taman Pendamar Indah 2 Pandamaran
No. H-4-12, Lebuh Damar Merah, Taman Pendamar Indah 2 Pandamaran, 42000, Klang, Selangor
Kompleks Suria Kinrara
No. B-05-12, Block B, Kompleks Suria Kinrara, Persiaran Kinrara, Seksyen 3, 47100 Puchong, Selangor
Pangsapuri Suci
No. 2-8-3, Pangsapuri Suci, Jalan Sri Jati 3, Taman Sri Jati, 58200 Kuala Lumpur
Taman Mas
No. 91-01-G6, Lingkaran Dagang Mas, Taman Mas, 47130 Puchong, Selangor
Pangsapuri Teratai
No. A-03-06, Block A, Pangsapuri Teratai, Taman Puchong Prima, 47150, Puchong, Selangor
Pangsapuri Selangorku Sena
No. 10-12, Pangsapuri Selangorku Sena, Jalan Kiara, Sungai Long, 43000 Kajang, Selangor
Taman Serdang Perdana
No. 14-10, Block A (Block F: Kekwa), Jalan SP 5/5, Taman Serdang Perdana, Seksyen 5, 43300 Seri Kembangan, Selangor
Taman Danau Kota
No. C-19-14, Blok C, Jalan 3/23D, Taman Danau Kota, Setapak, 53300 Kuala Lumpur
Pangsapuri Permai
No. A-11-2, Block A, Pangsapuri Permai, Jalan Landai Permai, Sungai Besi, 57100 Kuala Lumpur.
Tower G
No. G-15-29, Tower G, Mentari Court, Jalan PJS 8/9, Taman Seri Mentari, 46150, Petaling Jaya, Selangor
Laksamana Puri
No. PL-12-05, Laksamana Puri, Jalan Laksamana 5, Kampung Laksamana Jaya, 68100 Batu Caves, Selangor
BSP 21
No. E-06-13, BSP 21, Persiaran Saujana Putra Utama, Bandar Saujana Putra, 42610 Jenjarom, Selangor
Pangsapuri Perdana
No. 2-02-36, Pangsapuri Perdana, Jalan Lompat Pagar 13/37, Seksyen 13, 40100 Shah Alam, Selangor
Flora Damansara
No. F-09-01, Block F, Flora Damansara, No. 1, Jalan PJU 8/9, Bandar Damansara Perdana, 47820 Petaling Jaya, Selangor
Pelangi Damansara
No. C-19-6, Blok C (Cempaka), Pelangi Damansara, Persiaran Surian, PJU 6, 46200, Petaling Jaya, Selangor
Pelangi Damansara
No. B-06-1, Block B (Raya), Pelangi Damansara, PJU 6, Persiaran Surian, 47800 Petaling Jaya, Selangor
Taman Koperasi Majujaya
No. B-2-8, Block B, Taman Koperasi Majujaya, Batu 9, 43200 Cheras, Selangor
Puchong Permata 3
No. H-5-03, Puchong Permata 3, Jalan Persiaran Permai, 47100, Puchong, Selangor
Taman Lembah Maju
No. 26-2F, Block E, Jalan Maju 3/3, Taman Lembah Maju, 56100 Kuala Lumpur
Taman Pusat Kepong
No. 7-4-23, Blok 7, Green View, Jalan 8/40, Taman Pusat Kepong, 52100 Kuala Lumpur
Pangsapuri Intan
No. 5-1-14, Block 5, Pangsapuri Intan, Jalan Bukit Permai, Taman Bukit Permai, 56100 Kuala Lumpur
Impiana Apartment
No. 32-4B, Impiana Apartment, Jalan Wangsa 3/6, Taman Wangsa Permai, 52200 Kuala Lumpur
Seri Pulai
No. AG-44, Block A, Seri Pulai, Taman Balakong Jaya, 43000 Kajang, Selangor
Taman Petaling Utama
No. D04-02, Block D, No. 9, Jalan PJS 1/52, Taman Petaling Utama, 46000 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 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.