1270 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.
Royalle Condominium
No. 10-05, Royalle Condominium, Jalan 3/61, Bukit Segambut, 51200 Kuala Lumpur.
Parkview Service Apartment
No. 33-2, 33th Floor, Parkview Service Apartment, No. 5, Changkat Perak, Off Lorong Perak, 50250 Kuala Lumpur
Condo Bukit Cheras
No. A2-3-8, Blok A2, Condo Bukit Cheras, Jalan Bukit Cheras 18, Taman Bukit Cheras, 56000 Kuala Lumpur
Residensi Hijauan Rimba
No. B-06-3A, Residensi Hijauan Rimba, No.1, Jalan PJU 8/8B, Sentral Damansara PJU 8, 47820 Petaling Jaya, Selangor
Kondominium Villa Scott
No. 33-27-9, Kondominium Villa Scott, Jalan Scott, Brickfields, 50470 Kuala Lumpur
Ioi Resort City
No. B-703a, Block B, Puteri Palma, Ioi Resort City, 62502, Putrajaya, Selangor
Gurney Heights Condominium
No. B-19-4, Block B, Gurney Heights Condominium, Jalan Bukit Keramat, 54000 Kuala Lumpur
The Vistana Condominium
No. 23-B3, The Vistana Condominium, No. 32, Jalan Taiping, 50400 Kuala Lumpur
One Equine Residency
No. B-18-02, One Equine Residency, Persiaran Akademi Perdana, Taman Equine, 43300 Seri Kembangan, Selangor
Apartment Servis J Dupion
No. B-32-01, Apartment Servis J Dupion, Jalan Sembilang, 56000 Kuala Lumpur
Residensi Riverville
No. B-17-10, Blok B, Residensi Riverville, Jalan Taman Sri Sentosa, Taman Seri Sentosa, 58000 Kuala Lumpur
Residensi Riverville
No. A-21-08, Block A, Residensi Riverville, Jalan Taman Seri Sentosa, 58000 Kuala Lumpur
Residensi Parkhill
No. D-28-08, Residensi Parkhill, No. 12, Lebuhraya Bukit Jalil, Bukit Jalil, 57000 Kuala Lumpur
6th Floor
No. E1B-06-6, Block B, 6th Floor, The Tamarind, Jalan Sentul Indah, 51100 Kuala Lumpur
Garden Park Condo
No. A-5-3A, Block A, Garden Park Condo, Bandar Sungai Long, 43000 Kajang, Selangor
SkyVogue Residences
No. A-16-02, SkyVogue Residences, No. 23, Jalan 1/109F, Taman Danau Desa, 58100 Kuala Lumpur
Residensi Hijauan
No. A1-03-09, Residensi Hijauan, No. 4, Jalan Budiman 22/3, Seksyen 22, 40300 Shah Alam, Selangor
Tower 2
No. 2-11-5, Tower 2, Suite Sentral, No. 248, Jalan Tun Sambanthan, Kuala Lumpur Sentral, 50470 Kuala Lumpur
Residensi Mizumi
No. E-33A-08, Residensi Mizumi, No. 3, Persiaran Metro Perdana, Taman Metropolitan Kepong, 52100, Kuala Lumpur
Residensi Bintang Bukit Jalil
No. 1-23-06, Residensi Bintang Bukit Jalil, Jalan Jalil Impian, Bukit Jalil, 57000 Kuala Lumpur
Residensi Bandar Razak
No. D4-31-3, Residensi Bandar Razak, (on-site is No. D4-31-03, RC Residences), Jalan Razak Mansion, Sungai Besi, 57100 Kuala Lumpur
South Tower
No. S-32-08, South Tower, Swiss Garden Residences, No. 2A, Jalan Galloway, 50150 Kuala Lumpur
Residensi Sembilan Cheras
No. A-19-06, Block A, Residensi Sembilan Cheras, Jalan Suria Residen, 43200 Cheras, Selangor
Residensi Sembilan Cheras
No. A-06-05, Block A, Residensi Sembilan Cheras, Jalan Suria Residen, 43200 Cheras, 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 1270 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.