1291 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.
The Mark @ Cheras
No. A-9-12, The Mark @ Cheras, Jalan Cheras Hartamas, Taman Bukit Segar, 68000 Ampang, Selangor.
BSP 21
No. A-15-05, BSP 21, Persiaran Saujana Putra Utama, 42610 Bandar Saujana Putra, Jenjarom, Selangor
Forest Green Apartment
No. B2-3-6, Forest Green Apartment, Bandar Sungai Long, 43000, Kajang, Selangor
12th Floor
No. C-12-10, 12th Floor, Block C, Putra Majestik, Jalan Kasipillay, 51200 Kuala Lumpur
Residensi Inspiria Setapak
No. 34-19, Residensi Inspiria Setapak, Jalan Gombak, 53000, Kuala Lumpur
Pavilion Hilltop Mont' Kiara
No. C-03-06, Pavilion Hilltop Mont' Kiara, No. 5, Changkat Duta Kiara, Mont' Kiara, 50480 Kuala Lumpur
Parklane Oug Service Apartment - Block A4
No. A4-0-41, A4-1-41 & A4-2-41, Parklane Oug Service Apartment - Block A4, No 1, Jalan 1/152, Taman Oug Parklane, 58200 Kuala Lumpur
Azelia Residence
No. A-12-03, Block A, Azelia Residence, No. 3, Jalan PJU 9/1, Damansara Avenue, Bandar Sri Damansara, PJU 9, 47830 Petaling Jaya, Selangor
Nadayu 28 Residen
No. C-13A-2 (On-Site C-14-2), Nadayu 28 Residen, Jalan PJS 11/7, Bandar Sunway, 47500 Subang Jaya, Selangor
Nadayu 28 Residen
No. C-13-2, Nadayu 28 Residen, Jalan PJS 11/7, Bandar Sunway, 47500 Subang Jaya, Selangor
Residensi Gen
No. 3A-03, Residensi Gen, Jalan Kuchai 3, Taman Lian Hoe, 58200 Kuala Lumpur
Residensi Sunway Serene
No. A-33-07, Residensi Sunway Serene, Jalan SS 8/2, 47300 Petaling Jaya, Selangor
Residensi Pudu Alam Rekreasi
No. 33-12, Residensi Pudu Alam Rekreasi (Parc 3), No. 5, Jalan Pudu Perdana, 56100 Kuala Lumpur
Sky Suites @ KLCC
No. C-30-5, Sky Suites @ KLCC, Jalan P Ramlee, Kuala Lumpur
Tower B
No. B-13A-01, Tower B, Residensi Sentral Kuchai (Kuchai Sentral), No. 2B, Jalan Kuchai Maju 9, Taman Kuchai Jaya, 58100 Kuala Lumpur
Millerz Square
No. A-41-08, Millerz Square, No 357, Jalan Kelang Lama, 58000 Kuala Lumpur
Twy Condominium
No. S-19-10, South Block, Twy Condominium, No. 21, Jalan Duta Kiara, Mont' Kiara, 50480 Kuala Lumpur
2nd floor
No. A-02-01, 2nd floor, Block A, The Vue @ Monterez, Jalan Merah Kesumba U9/18, Kelab Golf Monterez, Seksyen U9, 40150 Shah Alam, Selangor
Residensi Fera
No. A-08-02, Residensi Fera, No. 1, Jalan Wangsa Kuarza, Wangsa Maju, 53300 Kuala Lumpur
The Vue @ Monterez
No. B-05-03, The Vue @ Monterez, Jalan Merah Kesumba U9/18, Kelab Golf Monterez, Seksyen U9, 40150 Shah Alam, Selangor
Residensi Ryan & Miho
No. B-06-17, Residensi Ryan & Miho, No. 74, Jalan Profesor Diraja Ungku Aziz (Jalan Universiti), Seksyen 13, 46200 Petaling Jaya, Selangor
Mutiara Heights
No. 30-11, Oasis 2, Jalan Mutiara 3, Mutiara Heights, 43000 Kajang, Selangor
Residensi PV18
No. B-13A-3A, Block B, Residensi PV18, No. 52, Jalan Langkawi, Setapak, Kuala Lumpur
Residensi Waltz
No. N-8-05, Residensi Waltz, Jalan Awan Besar, Taman Overseas Union, 58200 Kuala Lumpur.
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 1291 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.