1291 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.
188 Suites (on-site is Tower Two
No. B-20-01, 188 Suites (on-site is Tower Two, Sfera Residence), Jalan Chendana, 50250 Kuala Lumpur.
Idaman Robertson 2
No. S-13-11, Idaman Robertson 2, Jalan Robertson, 50150 Kuala Lumpur
Residensi Bayan Desa Petaling
No. D-17-10, Block D, Residensi Bayan Desa Petaling, No. 22A, Jalan 2/125, Desa Petaling, 57100 Kuala Lumpur
Arte Mont Kiara
No. MK3-33A-08, Block MK3, Arte Mont Kiara, No. 15, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur
Ceriaan Kiara
No. A-12-02, Block A, Ceriaan Kiara, Jalan Kiara 3, Mont' Kiara, 50480 Kuala Lumpur
Kondominium Irama Wangsa
No. C-13A-6, Kondominium Irama Wangsa, No. 5, Jalan 3/27E, Seksyen 10, Wangsa Maju, 53300 Kuala Lumpur
Residensi Lakeville
No. D-13-08, Residensi Lakeville, Jalan Sibu, Taman Wahyu, 68100 Kuala Lumpur
M-City
No. 2-17-01, M-City, Jalan Ampang, 50450 Kuala Lumpur
Residensi Chambers
No. 26-03, Residensi Chambers (Also Known As Residensi Kamar Putra), Jalan Ipoh Kecil, 50350 Kuala Lumpur
Kompleks Rimbun Scott Garden
No. B-23A-02, Blok B, Kompleks Rimbun Scott Garden, No. 289, Jalan Kelang Lama, 58100 Kuala Lumpur
Verve Suites KL South
No. A-11-8, Verve Suites KL South, No. 355, Jalan Klang Lama, 58000 Kuala Lumpur
Verdi Residences
No. 02-39-01, Verdi Residences, Symphony Hills, Persiaran Bestari, Cyber 9, 63000 Cyberjaya, Selangor
Residensi Rimba Pantai Dalam
No. B-09-16, Residensi Rimba Pantai Dalam, No. 6, Jalan Pantai Sentral 3, Pantai Dalam, 59200 Kuala Lumpur
Pinnacle Sri Petaling
No. B-26-05, Block B, Pinnacle Sri Petaling, No. 1, Jalan Radin Anum 1, Sri Petaling, 57000 Kuala Lumpur
Residensi Pano
No. A-19-3A, Residensi Pano, No. 556, Batu 3 ½, Jalan Ipoh, 51200 Kuala Lumpur
Kiara I
No. 35-09, Kiara I, Jalan Kiara, Mon't Kiara, 50480 Kuala Lumpur
Saujana Resort
No. A-04-01, Hijauan Saujana, Lot 91 Off Persiaran Golf, Saujana Resort, 40150 Shah Alam, Selangor
Pavilion
No. A-33-3A, Pavilion, Jalan Puteri 7/13, Bandar Puteri, 47100, Puchong, Selangor
Seri Raja Chulan Condominium
No. 12-4-2, Seri Raja Chulan Condominium, No. 12 Changkat Raja Chulan, 50200, Kuala Lumpur
Residensi Pasir Emas
No. B2-08-3A, Residensi Pasir Emas (D'Sands Residence), No. 6, Jalan Kampung Pasir, Off Jalan Klang Lama, 58200 Kuala Lumpur
Kondominium Royalle
No. 13-05, Kondominium Royalle, Jalan 3/61, Bukit Segambut, 51200 Kuala Lumpur
Damansara Villa
No. 89-7-2, Damansara Villa, Jalan Bukit Ledang, Off Jalan Duta, 50480 Kuala Lumpur
Pavilion
No B-29-3A, Pavilion, Jalan Puteri 7/13, Bandar Puteri, 47100, Puchong, Selangor
Puri Aiyu Kondominium
No. 3A-15-01, Tingkat 15, Puri Aiyu Kondominium, Jalan Jubli Perak 22/1, Seksyen 22, 40000, Shah Alam, 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 1291 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.