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.
Apartment Seri Cempaka
No. E-3-12, Apartment Seri Cempaka, Jalan 6/3, Seksyen 16, 43650, Bandar Baru Bangi, Selangor
Pangsapuri Sri Begonia
No. H-1-09, Pangsapuri Sri Begonia, Jalan Puteri 7/15, Bandar Puteri, 47100 Puchong, Selangor
Pangsapuri Damansara Bistari
No. C-04-03, Block C, Pangsapuri Damansara Bistari, Jalan Harapan, Section 19, 46300 Petaling Jaya, Selangor
Gugusan Cempaka
No. 7-4-15, Gugusan Cempaka, Jalan Cecawi 6/19, Seksyen 6, Kota Damansara, 47810 Petaling Jaya, Selangor
Taman Impian Ehsan
No. 3-12, (No. D312), Block Kasawari D, Taman Impian Ehsan, 43300 Balakong, Selangor
Pangsapuri Las Palmas
No. B-G-24, Block Rumbia, Pangsapuri Las Palmas, Jalan Desa Ria, Bandar Country Homes, 48000, Rawang, Selangor
Apartment Klang Jaya
No. B-2-12A, 2nd Floor, Block B, Apartment Klang Jaya, Lorong Selampit 18A, Taman Klang Jaya, 41200 Klang, Selangor
Pangsapuri Seroja
No. 6-4-17, Blok 6, Pangsapuri Seroja, No. 2, Jalan Setia Murni U13/50, 40170 Shah Alam, Selangor
Bandar Damai Perdana
No. D0-10, Blok D, Jalan Damai Perdana Dua, Bandar Damai Perdana (R/Pangsa), 43200 Cheras, Selangor
Taman Orkid
No. 16-2A, Jalan Orkid 2, Taman Orkid, 43200 Cheras, Selangor
Pelangi Damansara
No. C-05-19, Block C ( Cempaka), Pelangi Damansara, PJU 6, Persiaran Surian, 46200, Petaling Jaya, Selangor
Apartment Seri Cempaka
No. G-3-16, Blok G, Apartment Seri Cempaka, Council Home Bandar Baru Bangi, 43650 Bandar Baru Bangi, Selangor
Taman Bukit Segar Jaya
No. C2-03-13A, Block Cemara 2, Jalan Bukit Segar Jaya, Taman Bukit Segar Jaya, 43200, Cheras, Selangor
Taman Medan Cahaya
No. A-12-09, Block A, Taman Medan Cahaya, 46000 Petaling Jaya, Selangor
Desa Lembah Permai
No. B4-01-08, Block 4, Desa Lembah Permai, 68000 Ampang, Selangor
Desa Mentari
No. B3-7-4, Block 3, Jalan PJS 5/12, Desa Mentari, 46000 Petaling Jaya, Selangor
Desa Mentari 2
No. B10-1-20, Block 10, Jalan Pjs 2b/1, Desa Mentari 2, 46150, Petaling Jaya, Selangor
Pangsapuri Sri Nervillia
No. 20-3-06, Blok 20, Pangsapuri Sri Nervillia, No. 1, Jalan Anggerik 31/166, Kota Kemuning, Seksyen 31, 40460, Shah Alam, Selangor
Villa Malawati
No. 5-02, Tingkat 4, Villa Malawati, Seksyen 11, 45000, Kuala Selangor, Selangor
Bukit Ara Perdana
No. 1-8-92, Block 1, Jalan Ara Perdana 1, Bukit Ara Perdana, 71900 Labu, Negeri Sembilan
Seremban Putra Apartment
No. H-4-9, Block H, Seremban Putra Apartment, Jalan Sikamat, Taman Seremban Putra, Seremban, Negeri Sembilan
Paradise Lagoon
No. D-L3-2, Block D, Paradise Lagoon, Port Dickson, 71000 Port Dickson, Negeri Sembilan
2 Pakar)
No. 2-3-16, Blok 2 (on site is, 2 Pakar), Jalan 1/108C, Taman Sungai Besi, 57100 Kuala Lumpur
Gugusan Semarak
No. 6-2-8, Block 6, Gugusan Semarak, Jalan Camar 4/1, Kota Damansara, 47810 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.