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 Sri Begonia
No. E-3-15, Pangsapuri Sri Begonia, Jalan Puteri 7/15, Bandar Puteri, 47100 Puchong, Selangor
1st Floor
No. 20/ar, 1st Floor (rear), Jalan Kosas Utama 1/5, Taman Kosas, 68000 Ampang, Selangor
Pangsapuri Rimba
No. B-04-19, Block B, Pangsapuri Rimba, Jalan Lengkuas 16/19, Section 16, 40200 Shah Alam, Selangor
Rumah Pangsa Rampai Idaman
No. F-1-18, Block F, Rumah Pangsa Rampai Idaman, Jalan PJU 10/9, Prima Damansara, PJU 10, 47830 Petaling Jaya, Selangor
Taman Kinrara
No. A-02-10, Block A Pangsapuri Ceria, Jalan TK 4/5, Taman Kinrara, Seksyen 4, 47100 Puchong, Selangor
Pangsapuri Pendamar B
No. 7B-F7-09, Pangsapuri Pendamar B, Jalan Pandamaran/KS5, 42000 Pelabuhan Klang, Selangor
Pangsapuri Seri Pagi
No. C2-09-06, Blok C2, Pangsapuri Seri Pagi, Ken Aman, Taman Bukit Serdang, Seksyen 4, 43300 Seri Kembangan, Selangor
Petaling Jaya Selatan
No. 215, Blok A, Jalan PJS 5/11, Petaling Jaya Selatan, 46000 Petaling Jaya, Selangor
3rd Floor
No. G9-3A, 3rd Floor, Block G, Jalan Impian Indah 2, Taman Impian Indah, 43200 Balakong, Selangor
Pangsapuri Meru Ehsan
No. 20A-2-B, Block B, Pangsapuri Meru Ehsan, Lorong Meru Permai 1, Persiaran Hamzah Alang, 42200 Klang, Selangor
Pangsapuri Klang Villa
No. H-6009 (B6-20), Pangsapuri Klang Villa, Jalan Sabah, Pandamaran 42000 Pelabuhan Klang, Selangor
Apartment Sri Bayu
No. M2-G-07, Apartment Sri Bayu, Solok Sungai Chandong/Ks11, Bandar Armada Putra, 42920 Pelabuhan Klang, Selangor
Taman Desaria
No. J-12-18, Block J, Jalan PJS 5/13, Taman Desaria, 46000 Petaling Jaya, Selangor
Pangsapuri Damai Utama
No. B-0-15, Block B, Pangsapuri Damai Utama, Jalan DU 7, Taman Damai Utama, 47180 Puchong, Selangor
Desa Lembah Permai
No. B3-10-09, Block 3, Desa Lembah Permai, 68000 Ampang, Selangor
Desa Mentari
No. B6-10-22, Block 6, Jalan PJS 6/6D, Desa Mentari, 46000 Petaling Jaya, Selangor
Pangsapuri Cempaka
No. E-2-08, Pangsapuri Cempaka, Bandar Bukit Puchong 2, 47120, Puchong, Selangor
17/KS5
No. A-1-11 Jalan Selat Selatan, 17/KS5, Taman Suria Pendamarm 42000 Klang Selangor Darul Ehsan
Pelangi Damansara
No. C-12-7, Blok C (Cempaka), Pelangi Damansara, PJU 6 Persiaran Surian, 47800, Petaling Jaya, Selangor
Permai Ria Apartment
No. 10-01, Block A1, Permai Ria Apartment, Jalan Permai M, Bukit Ampang Permai, 68000 Ampang, Selangor
Apartment Melor
No. 03-10, Block 04, Apartment Melor, Taman Sutera Kajang, 43000 Kajang, Selangor
Selayang Mulia
No. B-14-4, Block Teratai (B), Jalan SM 1/1, Selayang Mulia, 68100 Batu Caves, Selangor
Pangsapuri Meranti
No. A-2-15, Block A, Pangsapuri Meranti, Jalan Cheras Hartamas, Taman Cheras Hartamas, 43200, Cheras, Selangor
Desa Mentari
No. B8-4-14, Blok 8, Desa Mentari, Jalan PJS 5/4A, 46150, 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.