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.
Desa Idaman II
No. 8D, Jalan Dato Dagang 24, Desa Idaman II, Taman Sri Sentosa, 41200 Klang, Selangor
Desa Mentari 3
No. 11-11-49, Blok 11, No. 22, Jalan PJS 2D/1, Desa Mentari 3, 46000, Petaling Jaya, Selangor
Pangsapuri Palma
No. K-1-13, Pangsapuri Palma, Jalan Palma Raja 3/KS6, 41200, Klang, Selangor
Pangsapuri Prima Cempaka
No. A8-G-11, Block A8, Pangsapuri Prima Cempaka, Taman Kajang Prima, 43000 Kajang, Selangor
Gugusan Semarak
No. 2-3-2, Gugusan Semarak, Jalan Camar 4/1, Kota Damansara, 47810, Petaling Jaya, Selangor
Pangsapuri Seroja 3
No. 03-05-20, Pangsapuri Seroja 3, Jalan Setia Murni U13/50, Seksyen U13, 40170 Shah Alam, Selangor
Citra Embun
No. B-2-16, Block B, Jalan Bukit Citra 10/2, Citra Embun, Taman Bukit Citra, 71700 Mantin, Negeri Sembilan
Flora Damansara
No. H-09-15, Flora Damansara, No.1, Jalan PJU 8/9, Bandar Damansara Perdana, 47820 Petaling Jaya
Laman Komersil Areca
No. LP3-12-21, Block LP3, Laman Komersil Areca, Putra Nilai 71800 Nilai, Negeri Sembilan
Pangsapuri Pendamar A
No. 7A-F2-07, Pangsapuri Pendamar A, Jalan Pendamaran/KS5, 42000 Pelabuhan Klang, Selangor
Pangsapuri Seri Melati
No. E-4-001, Block E, Pangsapuri Seri Melati, Jalan Seri Putra 3/1, Bandar Seri Putra, 43000, Kajang, Selangor
Pangsapuri KLH
No. 5-8, 5th Floor, Pangsapuri KLH, Menara KLH, Bandar Puchong Jaya, 47100 Puchong, Selangor
Pangsapuri Karisma
No. K01-15-10, Pangsapuri Karisma, Jalan Eco Majestic 3A/5, Eco Majestic, 43500 Semenyih, Selangor
25th Floor
No. H-25-09, 25th Floor, Block H, Flora Damansara, No. 1, Jalan PJU 8/9, Bandar Damansara Perdana, 47820 Petaling Jaya, Selangor
Pangsapuri Lagoon Perdana
No. 6-18-16, Pangsapuri Lagoon Perdana, Jalan PJS 9/1, 47500 Subang Jaya, Selangor
Pangsapuri Puchong Permata
No. C-6-07, Pangsapuri Puchong Permata, Jalan Permai 4, Taman Puchong Permai, 47100, Puchong, Selangor
Impian Baiduri Apartment
No. B-10-03, Block B, Impian Baiduri Apartment, No.6, Jalan 22A, Section 51A, 46100 Petaling Jaya, Selangor
Nilai Perdana Apartments
No. 2-2-7, Block 2, Nilai Perdana Apartments, Taman Nilai Perdana, 71800 Nilai, Negeri Sembilan
Shah Alam
No. 3, Tingkat 1, Blok 26 Rumah Pangsa (kos Rendah), Seksyen 28, 40400, Shah Alam, Selangor
Kayangan Apartment
No. 17-2B, Block K, Kayangan Apartment, Jalan Seksyen 3/4, Taman Kajang Utama, 43000 Kajang, Selangor
3rd Floor
No. I-3-15, 3rd Floor, Block I, Jalan Perdana 4/1, Taman Puchong Perdana, Batu 12 3/4, Jalan Puchong, 47100 Puchong, Selangor
Apartment Permai Ria
No. 12-03, Apartment Permai Ria, Jalan Permai M, Bukit Ampang Permai, 68000 Ampang, Selangor
Megah Villa Apartment
No. A-01-09 (on-site Is Block A), Megah Villa Apartment, Kota Warisan, 43900, Sepang, Selangor
Pangsapuri Seri Perantau
No. L-1-010, Block L, Pangsapuri Seri Perantau, Persiaran Sireh Junjung/KS4, 42000 Pelabuhan Klang, 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.