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.
Residensi 1 Utara
No. B-27-03A, 27th Floor, Block B, Residensi 1 Utara, No. 42, Jalan 1/2B, Off Jalan Ipoh, Selayang, 68100 Kuala Lumpur
168 Residensi Selayang KM12
No. C-23A-19, Block C, 168 Residensi Selayang (previously known as “Selayang Star City”) KM12, Jalan Ipoh Rawang, 68100 Batu Caves, Selangor
Tower 3
No. 3-19-02, Tower 3, M City, Jalan Ampang, 50450 Kuala Lumpur
Cormar Suites
No. B-26-10, Cormar Suites (formerly known as Fraser Place), Lot No. 163, No. 10, Jalan Perak, 50250 Kuala Lumpur
Maisson Residence
No. B1-06-02, Maisson Residence, No. 6, Jalan PJU 1A/3, Ara Damansara, 47301, Petaling Jaya, Selangor
Residensi Hijauan
No. A1-08-06, Residensi Hijauan, No.4, Jalan Budiman 22/3, Seksyen 22, 40300, Shah Alam, Selangor
Residensi Legasi
No. 13A-06, Residensi Legasi, No. 26, Jalan 1/42, Off Jalan Kuching, 51200 Kuala Lumpur
Suite Vivo
No. S-15-11, Suite Vivo, 9 Seputeh, No. 20, Jalan Telok Datok, Off Jalan Kelang Lama, 58000 Kuala Lumpur
Landmark Residence 1
No. A-12-01, Landmark Residence 1, Jalan Landmark Residence, 43000 Kajang, Selangor
Edusentral
No. I-31-03, Block I, Edusentral, No. 1, Jalan Setia Murni U13/51, Setia Alam, Seksyen U13, 40170 Shah Alam, Selangor
Pelangi Astana
No. PA-13A-11, Pelangi Astana, Jalan PJU 6, Persiaran Surian, Petaling Jaya, Selangor
Residensi Mh Platinum
No. 08-10, Residensi Mh Platinum, No. 2, Jalan Gombak Sejahtera, Off Jalan Gombak, Setapak, 53000, Kuala Lumpur
The Scott Garden Soho
No. B-16-25, 16th Floor, Block B, The Scott Garden Soho, Kompleks Rimbun Scott Garden, 289, Jalan Kelang Lama, 58000, Kuala Lumpur
Emporis
No. B-23-12, Block B, Emporis, Persiaran Surian, Seksyen 3, Taman Sains Selangor 1, Kota Damansara, 47810, Petaling Jaya, Selangor
The Vue @ Monterez
No. A-05-02 (Developer’s Parcel No. A-05-02), The Vue @ Monterez, Jalan Merah Kesumba U9/18, Kelab Golf Monterez, Seksyen U9, 40150 Shah Alam, Selangor
Villa Scott Condominium
No. 33-13A-11, 13A Floor, Villa Scott Condominium, Jalan Scott, Brickfields, 50470 Kuala Lumpur
Residensi Herz
No. B-17-06, Residensi Herz, No. 2, Jalan 3/33A, Kepong Baru, 51200 Kuala Lumpur
Residensi Vivo 9 Seputeh
No. A-23-05, Residensi Vivo 9 Seputeh, Off Jalan Klang Lama, 58000 Kuala Lumpur
Tower B
No. B-18-01, Tower B, Sensory Residence, Jalan Southville 1, Southville City, 43800 Dengkil, Selangor
Residensi Unggul Kepong
No. B-13-17, Residensi Unggul Kepong, No. 5, Jalan Vista Mutiara 1, Kepong Baru, 52000 Kuala Lumpur
Tower C
No. C-06-02, Tower C, No. 289, The Scott Garden, Jalan Klang Lama, 58000, Kuala Lumpur
Sri Putramas II Condominium
No. B1-27-07, Block B1, Royal Domain, Sri Putramas II Condominium, No. 1, Jalan Putramas Off Jalan Kuching, 51200 Kuala Lumpur
Palm Spring @ Damansara
No. C-712, Block C, Palm Spring @ Damansara, No. 1, Jalan PJU 3/29, Kota Damansara, 47810 Petaling Jaya, Selangor
Sri Tanjung Apartment
No. D403, Sri Tanjung Apartment, Jalan Bandar Puchong Jaya, Bandar Puchong Jaya, 47100, Puchong, 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.