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.
Laman Komersial Areca
Unit No. LP3-2-01, Block LP3, Laman Komersial Areca, Putra Nilai, 71800 Nilai, Negeri Sembilan
3rd Floor
No. 41-14-A3, 3rd Floor, Block A, Lingkaran Dagang Mas, Taman Mas, 47130 Puchong, Selangor
Pangsapuri Cempaka
No. 3-10, Pangsapuri Cempaka, Taman Gombak Permai, Jalan GP 1, 68100 Batu Caves, Selangor
Pangsapuri Permai
No. 1-1-13, Block 1, Pangsapuri Permai, Off Jalan Utama, Sri Gombak, 68100 Batu Caves, Selangor
Pangsapuri Seri Perantau
No. L-1-12, Block L, Pangsapuri Seri Perantau, Persiaran Sireh Junjung / Ks04, 42000 Pelabuhan Klang, Selangor
Taman Harmoni
No. 4-09, Jalan Harmoni 5, Taman Harmoni, 43300 Seri Kembangan, Selangor
Pangsapuri Seri Pulai
No. C1-05, Pangsapuri Seri Pulai, Jalan Balakong Jaya 26, Taman Balakong Jaya, 43200 Balakong, Selangor
Taman Orkid
No. 10-1A, Jalan Orkid 8, Taman Orkid, 43200 Cheras, Selangor
Pandan Perdana
No. B-1-07, Block B, Jalan Perdana 9/10, Pandan Perdana, 55300 Kuala Lumpur
Taman Lembah Maju
No. 61, Block RP2, Jalan Maju Utama, Taman Lembah Maju, 56100 Kuala Lumpur
Plaza Umno
No. 13A-2B, Plaza Umno, Jalan Batu Caves, Taman Batu Caves, 68100 Batu Caves, Selangor
Taman Orkid
No. 27-2B, Jalan Orkid 6, Taman Orkid, 43200 Cheras, Selangor
Pangsapuri Seri Nilam
No. E-09-13, Block E, Pangsapuri Seri Nilam, Jalan Wawasan Ampang 3/8, Bandar Baru Ampang, 68000 Ampang, Selangor
Pangsapuri Seri Dahlia
No. D-4-18, Block D, Pangsapuri Seri Dahlia, Bandar Puteri, 47100 Puchong, Selangor
Taman Pendamar Indah 2
No. C-2-29, Lebuh Damar Merah, Taman Pendamar Indah 2, 42000 Port Klang, Selangor
Pangsapuri Seri Perantau
No. H-6-3, Block H, Pangsapuri Seri Perantau, Persiaran Sireh Junjung / KS 4, 42000 Pelabuhan Klang, Selangor
Taman Sepakat Indah
No. P3-B-03A-23, Off Jalan Sepakat Indah 3, Taman Sepakat Indah, Sg. Chua, 43000 Kajang, Selangor
Pangsapuri Melati
No. 3-3-16, Pangsapuri Melati, Jalan Metafasa U16/3, Taman Bukit Subang, Seksyen U16, 40160, Shah Alam, Selangor
Pangsapuri Laksamana Jaya
No. A-01-14, Block A, Pangsapuri Laksamana Jaya, Jalan Laksamana 2, Kampung Laksamana, 68100, Batu Caves, Selangor
Pangsapuri Seri Dahlia
No. A-4-15, Blok A, Pangsapuri Seri Dahlia, Laman Puteri 3, Bandar Puteri, 47100, Puchong, Selangor
Rumah Pangsa Minang Ria 2
No. 3A-07, Rumah Pangsa Minang Ria 2, Taman Minang Ria, 43200 Cheras, Selangor
Taman Pinggiran Delima
No. MC-C405, Block C, Jalan Pinggiran Delima, Taman Pinggiran Delima, 43100 Hulu Langat, Selangor
Pinggiran Batu Caves
No. M2.10, Block M, Pinggiran Batu Caves, 68100 Batu Caves, Selangor
Lestari Apartment
No. B-12-18, Blok B, Lestari Apartment, No. 1, Jalan PJU 10/B, Damansara Damai, 47830 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.