5357 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.
Taman Puchong Permai
No. A6-3-34, Block A6, Jalan Permai 1/4, Taman Puchong Permai, Batu 13, 47150, Puchong, Selangor
Apartment Nuri
No. F1-503, Block F1, Apartment Nuri, Jalan Bukit Idaman 1, Taman Bukit Idaman, 68100 Batu Caves, Selangor
Pangsapuri Putra
No. E-05-06, Block E, Pangsapuri Putra, Persiaran Putra Permai Selesa, Pusat Bandar Putra Permai, 43300 Seri Kembangan, Selangor
Pangsapuri Seri Pulai
No. D-5-02, Block D, Pangsapuri Seri Pulai, Jalan PH 4, Taman Puchong Hartamas, 47100, Puchong, Selangor
Pangsapuri Palma
No. B4-G-10, Pangsapuri Palma, Bandar Country Homes, 48000 Rawang, Selangor
Pangsapuri Utarid Subang
No. 10-6-08, Pangsapuri Utarid Subang, No. 1, Jalan Utarid U5/2, Seksyen U5, 40150, Shah Alam, Selangor
Pangsapuri Rebana
No. E-4-13, Block E, Pangsapuri Rebana, Jalan Gamelan, 41050, Klang, Selangor
Sri Jasmin Persiaran UTL
No. SJ9-04-01, Block 9, Sri Jasmin Persiaran UTL, Bandar Universiti Teknologi Lagenda, 71700 Mantin, Negeri Sembilan
Desa Aman Puri Kepong
No. DS4-7-P, Blok 4 Desa Satu Apartment, Off Lorong D 1/5, Desa Aman Puri Kepong, 52100, Kuala Lumpur
Pangsapuri Seri Nelayan
No. B-L2-15, Blok B, Pangsapuri Seri Nelayan, Lengkungan Kampung Nelayan, Taman Seri Nelayan, Teluk Gong 42000 Perlabuhan Klang, Selangor
Lengkungan Kampung Nelayan
No. E-L1-04, Block E, Lengkungan Kampung Nelayan, Taman Seri Nelayan, 42000 Pelabuhan Klang, Selangor
Apartment Kelisa Ria
No. C-512, Block C, Jalan Kelisa 1, Apartment Kelisa Ria, 43000 Kajang, Selangor
Rumah Pangsa Seksyen 8
No. 501, Blok 17, Rumah Pangsa Seksyen 8, Jalan Liku 8/1, Seksyen 8, 40000, Shah Alam, Selangor
Taman Aman Putra
No. E-9-4, Blok E, Jalan Aman Putra, Taman Aman Putra, Off Jinjang Utara, 52000 Kuala Lumpur
Cheras Ria
No. B-6-5, Cheras Ria, Blok B, Jalan 6/95B, Taman Cheras Utama Off Jalan Ketumbar, 56100 Kuala Lumpur
Desa Palma Apartment
No. F-3A-17, Desa Palma Apartment, Bandar Baru Nilai, 71800 Nilai, Negeri Sembilan
Morib Gold Cost
No. B-1-11, Blok B, Morib Gold Cost, Morib, 42700 Banting, Selangor
Desa Palma
No. E-3A-16, Block Nyior, Desa Palma, Putra Nilai, 71800 Nilai, Negeri Sembilan
Pangsapuri Ceria
No. A-05-01, Blok A, Pangsapuri Ceria, Jalan TK 4/5, Taman Kinrara, Seksyen 4, 47100 Puchong, Selangor
Pangsapuri Seri Pelangi
No. M2-28-E, Pangsapuri Seri Pelangi, Jalan Pekan Baru 38, 41050, Klang, Selangor
Apartment Harmoni
No. P-111, Block P, Apartment Harmoni, No. 55, Jalan PJU 10/4C, Damansara Damai, 47830 Petaling Jaya, Selangor
Gugusan Siantan
No. 2-5-6, Blok 2, Gugusan Siantan, Jalan Sepah Puteri 5/7, Kota Damansara, 47810, Petaling Jaya, Selangor
Bandar Bukit Tinggi
No. C-04-19, Block C, Jalan Batu Nilam 15, Bandar Bukit Tinggi, 41200 Klang, Selangor
Rumah Pangsa Sri Ara
No. B1-18-12, Rumah Pangsa Sri Ara, Jalan Kenanga, Kampung Sungai Kayu Ara, 47400 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 5357 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.