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.
Flat Taman Andalas
No. M2/5/10, Flat Taman Andalas, 71700 Mantin, Negeri Sembilan
Residensi Vyne Sungai Besi
No. D-9-3, Residensi Vyne Sungai Besi, No. 8, Jalan 1/108D, Sungai Besi, 57100 Kuala Lumpur
Residensi Vyne
No. D-17-03, Residensi Vyne, No. 8 Jalan 1/108D, Sungai Besi, 57100 Kuala Lumpur
Ecosky Residence
No. A-30-07, Ecosky Residence, Block A, Batu 6 1/2, Jalan Ipoh, 68100 Kuala Lumpur
Menara Polo
No. H2-11-6, Tingkat 11, Jalan 2/76e, Menara Polo, Desa Pandan, 55100, Kuala Lumpur
Platinum Hill Condominium
No. C-12-3, PV6, Platinum Hill Condominium, Jalan Melati Utama, Taman Melati Utama, 53100, Kuala Lumpur
Menara Sri Damansara
No. B-10-5, 10th Floor, Blok B, Menara Sri Damansara, Jalan Magosa SD 10/1E, 52200, Bandar Sri Damansara,petaling Jaya, Selangor
Endah Regal Condominium
No. C-18-3, Block C, Endah Regal Condominium, Jalan 3/149E, Taman Sri Endah, 57000, Kuala Lumpur
Endah Ria Condominium
No. D-13-2, Endah Ria Condominium, Jalan 3/149e, Taman Sri Endah, 57000, Kuala Lumpur
Pelangi Damansara
No. E-6-15, Blok E (Anggerik), Pelangi Damansara, PJU 6, Persiaran Surian, 47800, Petaling Jaya, Selangor
Menara Menjalara
No. C-4-4, 4th Floor, Block C, Menara Menjalara, Jalan 1/62B, Bandar Menjalara, 52200 Kuala Lumpur
Pelangi Damansara
No. D-9-01, Blok D (Dahlia), Pelangi Damansara, PJU 6, Persiaran Surian, 47800, Petaling Jaya, Selangor
Residensi Estetika
No. B-04-03, Residensi Estetika, Jalan Dagang SB, The Mines Resort City, 43300, Seri Kembangan, Selangor
Abadi Indah Kondo
No. 51-3-1, Abadi Indah Kondo, Jalan 3/109C, Taman Abadi Indah, 58100, Kuala Lumpur
The Legend Water Chalet Resort
No. 714, The Legend Water Chalet Resort, 71000, Port Dickson, Negeri Sembilan
Pangsapuri Ria
No. H-03A, Pangsapuri Ria, Taman Bukit Mewah, 43000 Kajang, Selangor
Taman Sri Endah
No. 5-4-15, Block 5, Jalan 5/149B, Taman Sri Endah, 57000 Kuala Lumpur
Taman Cheras Utama
No. D-01-01, Block D, Jalan CU 1/A, Fasa 3, Taman Cheras Utama, 43200, Cheras, Selangor
Pangsapuri Seri Pagi
No. C3-04-03, Block C3, Aras 4, Pangsapuri Seri Pagi, Taman Bukit Serdang, Seksyen 4, 43300, Seri Kembangan, Selangor
Tower C
No. C-21-08, Tower C, Megan Legasi @ Millerz Square, No. 357 Jalan Kelang Lama, 58000, Kuala Lumpur
Abadi Villa Condo
No. B-15-2, Abadi Villa Condo (blok B), Jalan 2/109c, Taman Abadi Indah, 58100, Kuala Lumpur
Lima
No. D-3A-09, Lima (5), Tiara Parkhomes, Jalan Bukit Ria, 43000, Kajang, Selangor
Green Acre Park Condominium
No. A6-8-2, Block A6, Green Acre Park Condominium, Bandar Sungai Long, 43000, Kajang, Selangor
Palm Spring @ Damansara
No. A-610, Blok A, Palm Spring @ Damansara, No. 1, Jalan Pju 3/29, Kota Damansara, 47810, 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 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.