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.
Pandan Utama 2
No. 5-3-A, Lorong Pandan Pertama 7, Pandan Utama 2, Kampung Pandan Dalam, 68000 Ampang, Selangor
Pangsapuri Teratai
No. L7-05-19, Blok L7, Pangsapuri Teratai, Jalan Penggawa, Seksyen 2, Bandar Mahkota Cheras, 43200, Cheras, Selangor
Apartment Minang Ria 2
No. UG-13, Apartment Minang Ria 2, Jalan Minang Ria 1, Taman Minang Ria 2, 43200, Batu 9 Cheras, Selangor
Sri Angkasa Apartment
No. 18-04, Block 54, Sri Angkasa Apartment, Jalan Kanchung Darat 28/7, Taman Alam Megah,Seksyen 28, 40400, Shah Alam, Selangor
Taman Rawang Mutiara
No. 1-2-6-A, Blok 1, Jalan Rawang Mutiara 1, Taman Rawang Mutiara, 48000 Rawang, Selangor
Taman Sri Murni
No. 05-01-05, Blok 5, Jalan 1/2D, Taman Sri Murni, 68100 Kuala Lumpur
Desa Mentari 2
No. B9-9-23, Blok 9, Jalan PJS 2B/1, Desa Mentari 2, 46150, Petaling Jaya, Selangor
Desa Mentari
No. B5-11-34, Tingkat 11, Blok B5, Jalan PJS 6/5A, Desa Mentari, 46000, Petaling Jaya, Selangor
Pangsapuri Rebana
No. A-4-11, Block A, Pangsapuri Rebana, Jalan Gamela/KU5, Bandar Bukit Raja, 41050 Klang, Selangor
Taman Bukit Hatamas
No. A3-3-8, Block A3, Persiaran Bukit Hatamas, Taman Bukit Hatamas, 43200 Cheras, Selangor
Taman Langat Murni
No. AA-L2-17, Jalan Murni 2/1, Taman Langat Murni, Bukit Changgang, 42700 Banting, Selangor
Apartment Kelisa Ria
No. C-302, Block C, Apartment Kelisa Ria, Jalan Kerisa 1, Taman Tangkas Jaya, 43000 Kajang, Selangor
Pangsapuri Angkasa Indah
No. B-1-03, Pangsapuri Angkasa Indah, Taman Angkasa Indah, 43000 Kajang, Selangor
The Residence 1
No. TR1-10-07, The Residence 1, Taman Tiara East, 43500 Semenyih, Selangor
Saville D'Lake
No. 23-18, Saville D'Lake, Jalan Saville, 47130 Puchong, Selangor
Rumah Pangsa Rampai Idaman
No. A-1-23, Rumah Pangsa Rampai Idaman, Jalan PJU 10/9, Prima Damansara, 47830, Petaling Jaya, Selangor
Apartment Sri Baiduri
No. F-4-13, Apartment Sri Baiduri, Taman Ukay Perdana, 68000 Ampang, Selangor
Pangsapuri Rimbun
No. A-14-23, Block A, Pangsapuri Rimbun (Canopy Hills), Jalan Zamrud Utama, 43000 Kajang, Selangor
Wangsa Maju
No. 502, Block A5, Jalan 2/27E, Seksyen 10, Wangsa Maju, 53300 Kuala Lumpur
Pangsapuri Seri Nilam
No. E06-20, Block E, Pangsapuri Seri Nilam, Jalan Wawasan Ampang 3/8, Bandar Baru Ampang, 68000 Ampang, Selangor
Taman Bukit Cheras
No. 10-1-10, ( Ditapak Ialah Pangsapuri Blok 8 & 10), Jalan 1/144a, Taman Bukit Cheras, 56000, Kuala Lumpur
Pangsapuri Sri Nervillia
No. 14-2-01, Blok 14, Pangsapuri Sri Nervillia, No. 4, Jalan Anggerik Nervillia 31/166, Kota Kemuning, Seksyen 31, 40460 Shah Alam, Selangor
Ground Floor
No. 106, Block 1, Ground Floor, Jalan SS19/7A, 47500 Subang Jaya, Selangor
Pangsapuri Damai Mewah A
No. 3-01, Pangsapuri Damai Mewah A, Taman Damai Mewah, 43000, Kajang, 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.