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.
Cheras Ria
No. D-4-14, Cheras Ria, Blok D, Jalan 6/95B, Taman Cheras Utama, Off Jalan Ketumbar, 56100 Kuala Lumpur
Sri Ros Apartment
No. P8-C-03A-16, Sri Ros Apartment, Jalan Sepakat Indah 6, Taman Sepakat Indah, 43000 Kajang, Selangor
Suria Jaya
No. 13-17, Suria Jaya, Jalan Padang Jawa, Seksyen 16, 40200 Shah Alam, Selangor
PJ Centrestage
No. B-10-21, PJ Centrestage, No. 1, Jalan 13/1, Section 13, 46100 Petaling Jaya, Selangor
Astaria Apartment
No. 74, (5th Floor), Block A2 (Aida), Astaria Apartment, Jalan Kosas Utama, Taman Kosas, 68000 Ampang, Selangor
Pangsapuri Sri Puteri
No. F-4-17, Blok F, Pangsapuri Sri Puteri, Jalan Ukay Perdana 2/1, Taman Ukay Perdana, 68000, Ampang, Selangor
Taman Prima Selayang
No. 503, Block D, Jalan PS 1, Taman Prima Selayang, 68100 Batu Caves, Selangor
Pangsapuri Utarid Subang
No. 9-5-09, Block 9, Pangsapuri Utarid Subang, No. 1, Jalan Utarid U5/2, Section U5, 40150 Shah Alam, Selangor
Rista Villa Apartment
No. 13-1-04, Rista Villa Apartment, Jalan Putra Perdana 12, Taman Putra Perdana, 47130 Puchong, Selangor
Apartment Idaman
No. P-412, Block P, Apartment Idaman, No. 9, Jalan PJU 10/1, Damansara Damai, 47830 Petaling Jaya, Selangor
Pangsapuri Seri Inai
No. J1-05, Pangsapuri Seri Inai, Jalan Anggerik 3, Bukit Sentosa 2, Section BS 7, 48300 Rawang, Selangor
Pangsapuri Sunway Sinar
No. S3-317, 3rd Floor, Block Sinar 3, Pangsapuri Sunway Sinar, Jalan Ungu U9/33, Sunway Kayangan, Seksyen U9, 40150 Shah Alam, Selangor
Saujana Puchong
No. 9-4 (09-3A), Jalan SP 3/9, Saujana Puchong, Bandar Putra Permai, 47110, Puchong, Selangor
Idaman Apartment
No. S-431, Block S, Idaman Apartment, No. 9 Jalan PJU 10/1, Damansara Damai, 47830 Petaling Jaya, Selangor
Sri Bayu Apartment
No. A-1-33, Sri Bayu Apartment, Jalan Batu Unjur 9, Taman Bayu Perdana, 41200, Klang, Selangor
Desa Mentari
No. B3-13-25, Block 3, 13, Jalan PJS 5/12, Desa Mentari, 46000 Petaling Jaya, Selangor
Desa Idaman 2
No. 71E, Jalan Dato Dagang 23, Desa Idaman 2, 41200 Klang, Selangor
Taman Selayang Sejati
No. C-5-12, Block C, Jalan Sejati 2C, Taman Selayang Sejati, 68100 Batu Caves, Selangor
Pangsapuri Rakyat (on-site Unit
No. E118, Pangsapuri Rakyat (on-site Unit No. 118, Block E, Apartment Rakyat), Taman Impian Ehsan, 43300 Balakong, Selangor
Taman Impian Warisan
No. A-404, Block A, Taman Impian Warisan, 43100 Hulu Langat, Selangor
Rumah Pangsa Semarak II
No. 3-G-9, Blok 3, Rumah Pangsa Semarak II, Taman Semarak II, 71800, Nilai, Negeri Sembilan
Bandar Baru Bangi
No. 506, Blok B, Jalan 6C/2, Seksyen 16, 43650, Bandar Baru Bangi, Selangor
Rumah Pangsa Kristana 7
No. K7-L5-10, Rumah Pangsa Kristana 7, Persiaran Seri Pristana 1, Seri Pristana, 47000 Sungai Buloh, Selangor
Taman Puchong Permai
No. A6-3-34, Block A6, Jalan Permai 1/4, Taman Puchong Permai, Batu 13, 47150, Puchong, 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.