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.
Skylake Residence
No. B-09-06, Skylake Residence, Jalan Putra Perdana 5A, Taman Putra Perdana, 47130 Puchong, Selangor
Pangsapuri Harmoni Elmina 1
No. A-9-02, Block A, Pangsapuri Harmoni Elmina 1, Jalan Casuarina U17/56, Elmina West, Seksyen U17, 40170 Shah Alam, Selangor
Tower 7
No. B7/J/12-5, Tower 7 (Palazo Trissini), Persiaran Puteri 1, Taman Puteri (Venice Hills), 43200, Cheras, Selangor
Residensi Rimbun
No. A-14-35, Residensi Rimbun, Jalan Zamrud Utama, 43000 Kajang, Selangor
Taman Medan Cahaya
No. G-05-09, Block G, Taman Medan Cahaya, Jalan PJS 2C/2, 46000 Petaling Jaya, Selangor
Pangsapuri Cendana
No. 38-04-06, Pangsapuri Cendana, Jalan Metafasa U16/3, Taman Bukit Subang, Seksyen U16, 40160, Shah Alam, Selangor
Tulip
No. B-25-07, Tulip, No. 6, Persiaran Metafasa, Taman Bukit Subang, Seksyen U16, 40170 Shah Alam, Selangor
Di Jalan Batu Nilam 34
No. A-1-13, Blok A R/P Bandar Bukit Tinggi, Di Jalan Batu Nilam 34, 41200, Klang, Selangor
Taman Sri Murni
No. 05-02-04, Blok 5, Jalan 1/2D, Taman Sri Murni, 68100 Kuala Lumpur
Desa Mentari 2
No. B9-4-07, Jalan Pjs 2b/1, Desa Mentari 2, 46150, Petaling Jaya, Selangor
Desa Lembah Permai
No. B2-8-14, Block 2, Jalan Permai 8, Desa Lembah Permai, 68000 Ampang, Selangor
Anggerik Residensi
No. 1-05 (on-site is 01-05), Anggerik Residensi, Taman Anggerik Perdana, 43500, Semenyih, Selangor
Rumah Pangsa Sri Saujana
No. B-3-05, Tingkat 3, Blok B, Rumah Pangsa Sri Saujana, Jalan Sp 4/2, Bandar Saujana Putra, 42610, Jenjarom, Selangor
Pangsapuri Anggerik Indah
No. 2-10-1008, 10th Floor, Block 2, Pangsapuri Anggerik Indah, Jalan Sempadan 16/7, Seksyen 16, 40200 Shah Alam, Selangor
Flora Damansara
No. B-21-06, Block B, Flora Damansara, No. 1, Jalan PJU 8/9, Bandar Damansara Perdana, 47820 Petaling Jaya, Selangor
Flat Seri Jati
No. C-3A-11, Flat Seri Jati, Jalan PJU 1A/5, Ara Damansara, 47301 Petaling Jaya, Selangor
Wangsa Maju
No. 402, Blok B4, Wangsa Maju, Seksyen 2, 53300 Kuala Lumpur
Pangsapuri Seri Pelangi
No. M3-26-A, Pangsapuri Seri Pelangi, Jalan Pekan Baru 39, 41050, Klang, Selangor
Maplewood Court
No. M5-G-07, Block M5, Maplewood Court, Pinggiran Lembah Hijau 9, Bandar Tasik Puteri, 48020 Rawang, Selangor
Pangsapuri Kenanga
No. 14-04, 14th Floor, Pangsapuri Kenanga, Taman Gombak Permai, 68100 Batu Caves, Selangor
Pangsapuri Kenanga
No. A-4-08, Blok A, Pangsapuri Kenanga, Jalan Tbk 1/10, Taman Bukit Kinrara, 47180, Puchong, Selangor
Pangsapuri Raya
No. C-2-1, Pangsapuri Raya, Jalan Desa 5/6, Bandar Country Homes, 48000 Rawang, Selangor
Megah Villa Apartment
No. G-3-15, Blok G, Megah Villa Apartment, Jalan Warisan Megah 1/6, Kota Warisan, 43900 Sepang, Selangor
Fiona Apartment
No. F04-03-03, Fiona Apartment, Jalan Samudera Barat 8, Taman Samudera, 68100 Batu Caves, 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.