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 Meranti
No. B-4-409, Block B, Apartment Seri Meranti, Jalan PJU 1A/5, Ara Damansara, 47301 Petaling Jaya, Selangor
Arowana Apartment
No. B-2-03, 2, M2, Arowana Apartment, Taman Arowana Impian, 70300 Seremban, Negeri Sembilan
Taman Desa Cheras
No. 11-1-6, Jalan 13/154D, Taman Desa Cheras, Cheras, 56000 Kuala Lumpur.
PPR Seri Aman
No. B-03-17, PPR Seri Aman, Jalan Aman Putra, 52000 Kepong, Kuala Lumpur
Taman Pusat Kepong
No. 21-3A, Jalan 3/40, Taman Pusat Kepong, 52100 Kuala Lumpur.
Prima Setapak
No. 2-4-26, Prima Setapak, Off Jalan Genting Klang, Setapak, 53300 Kuala Lumpur
Kelumpuk Tempua
No. 4-2-1, Block A, Kelumpuk Tempua, Jalan 9/56, AU3 Keramat, 54200 Kuala Lumpur
Rumah Pangsa Kos Rendah
No. B-3-6, Block B, Rumah Pangsa Kos Rendah, Jalan 3/23D, Danau Kota, 53300 Kuala Lumpur
Ground Floor
No. D-G-11, Ground Floor, Block Delima, Putri Laksamana, 68100 Batu Caves, Selangor
Taman Pinggiran Delima R/Pangsa
No. MC-B414, Block B, Jalan Pinggiran Delima, Taman Pinggiran Delima R/Pangsa, 43100 Hulu Langat, Selangor
Taman Orkid
No. 4-2B, Jalan Orkid 5, Taman Orkid, 43200 Cheras, Selangor
Gugusan Cempaka
No. 7-2-3, Blok 7, Gugusan Cempaka, Jalan Cecawi 6/19, Seksyen 6, Kota Damansara, 47810 Petaling Jaya, Selangor
Pangsapuri Seri Mawar
No. B-2-030, Pangsapuri Seri Mawar, Jalan Seri Putra 4, Bandar Seri Putra, 43000 Kajang, Selangor
Jalan 6C/11
No. 105, Block 4, Jalan 6C/11, Seksyen 16, 43650 Bandar Baru Bangi, Selangor
Gugusan Cempaka
No. 2-2-2, Gugusan Cempaka, Jalan Cecawi Psb 6/19, 47810 Sungai Buloh, Selangor
Desa Mentari
No. B4-06-05 (Developer's Parcel No. 4A-06-60), Blok 4, Jalan PJS 6/5C, Desa Mentari, 46000 Petaling Jaya, Selangor
Rumah Pangsa Jalan Kosas 3/12
No. 10, Block B, Rumah Pangsa Jalan Kosas 3/12, Taman Kosas, 68000 Ampang, Selangor
Rumah Pangsa Impian
No. 13-3-08, Rumah Pangsa Impian, Jalan SP 4/1, Bandar Saujana Putra, 42610 Jenjarom, Selangor
Pangsapuri Bukit Tinggi 1
No. F-04-13, Block F, Pangsapuri Bukit Tinggi 1, Jalan Batu Nilam 15, Bandar Bukit Tinggi, 41200 Klang, Selangor
Pangsapuri Enggang
No. F-2-9, Blok F, Pangsapuri Enggang, Jalan Kinrara 6F, Bandar Kinrara, 47180, Puchong, Selangor
Pangsapuri Sri Mutiara
No. L-09-02, 9th Floor, Pangsapuri Sri Mutiara, Jalan UB 11, Taman Ukay Bistari, 68000 Ampang, Selangor
Pangsapuri Senja Fasa 7
No. H4-21, Pangsapuri Senja Fasa 7, Jalan Bukit Mewah 70, Taman Bukit Mewah, 43000, Kajang, Selangor
Serdang Skyvillas II
No. B-05-11, Block B (Block E : Kesidang), Serdang Skyvillas II, Jalan SP 5/5, Seksyen 5, Taman Serdang Perdana, 43300 Seri Kembangan, Selangor
Pangsapuri Arista
No. B-3-1, Pangsapuri Arista, Persiaran Delima 1/KS09, Bandar Parklands Klang, 41200 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.