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.
Pelangi Damansara
No. C-12-5, Tingkat 12, Blok C (Cempaka), Pelangi Damansara, PJU 6 Persiaran Surian, 47800, Petaling Jaya, Selangor
Permai Apartment
No. B-3-06, Permai Apartment, Taman Permai Impian, 70200 Seremban, Negeri Sembilan
Pandan Perdana
No. C512, Jalan Perdana 9/10, Pandan Perdana, 55300 Kuala Lumpur
Rumah Pangsa
No. 2-9, Rumah Pangsa, Jalan Kosas Utama Lima, Taman Kosas, 68000 Ampang, Selangor
Premises
No. 2/3R, Premises No. 2, Jalan Mulia 3/1, Taman Mulia Jaya, 68000 Ampang, Selangor
Desa Mentari 2
No. B-10-15-30, Block 10, Desa Mentari 2, Jalan PJS 2B/1, 46150 Petaling Jaya, Selangor
Bukit Ara Perdana
No. 1-3-25, Block 1, Jalan Ara Perdana 1, Bukit Ara Perdana, 71900 Labu, Negeri Sembilan
Pangsapuri Utarid Subang
No. 8-4-23, Pangsapuri Utarid Subang, No. 1, Jalan Utarid U5/2, Seksyen U5, 40150 Shah Alam, Selangor
Pangsapuri Dahlia
No. C-2-1, Pangsapuri Dahlia, Taman Putra Perdana, 47130 Puchong, Selangor
Pinggiran Batu Caves
No. S4.01, Pinggiran Batu Caves, 68100 Batu Caves, Selangor
Bandar Baru Bangi
No. 311, Blok 5, Jalan 1/9, 43650, Bandar Baru Bangi, Selangor
Pangsapuri Seroja
No. 2-6-2, Blok 2, Pangsapuri Seroja, No 2, Jalan Setia Murni U13/50, Setia Alam, Seksyen U13, 40170, Shah Alam, Selangor
Pangsapuri Angsana
No. D9-09-03 (Parcel No. D-08-03), Block D, Pangsapuri Angsana, Persiaran Subang Mewah, USJ 1, 47620, Subang Jaya, Selangor
Taman Tun Teja
No. 10-19, Blok Cempaka, Jalan Tun Teja 3, Taman Tun Teja, 48000, Rawang, Selangor
Pangsapuri Pendamar B
No. 7B-F1-13, Pangsapuri Pendamar B, Jalan Pandamaran/KS5, 42000 Pelabuhan Klang, Selangor
Siantan Apartment
No. D-1-15, Block D, Siantan Apartment, Jalan Putra Perdana 3A, Taman Putra Perdana, 47100 Puchong,
Pangsapuri Palma
No. D-5-20, Pangsapuri Palma, Jalan Palma Raja 3/KS6, Bandar Botanic, 41200, Klang, Selangor
One Selayang
No. F-25-3B, Blok F, Jalan OS 1/1, One Selayang, Batu Caves, 68100 Selangor
Megaria Ros
No. 5-11, Megaria Ros, Jalan BS 7, Taman Bukit Serdang, Seksyen 8, 43300 Seri Kembangan, Selangor
Taman Minang
No. 4F-12, Tingkat 4, Blok A, Taman Minang, 56000, Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur
Pangsapuri Camelia Court
No .C3-4-8, Pangsapuri Camelia Court, Persiaran Lembah Hijau 4, Bandar Tasik Puteri, 48020, Rawang, Selangor
Pangsapuri Valencia
No. A-3D, Pangsapuri Valencia, Jalan Tokoh 25/28, Taman Sri Muda, Seksyen 25, 40400, Shah Alam, Selangor
Taman Medan Cahaya
No. B-14-10, Block B, Taman Medan Cahaya, Jalan Pjs 2c/2 46000 Petaling Jaya Selangor
Pangsapuri Seri Nipah
No. 7-08, Pangsapuri Seri Nipah, Taman Pinggiran USJ, 47600 Subang 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.