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.
Palm Spring @ Damansara
No. C-318, PJU 3/29, Palm Spring @ Damansara, 47810, Petaling Jaya, Selangor
Traders Garden
No. A-30-13, 30th Floor, Block A, Traders Garden (Formerly known as Residensi Cheras Selatan), Jalan Dataran Cheras 7, Balakong, 43200 Cheras, Selangor
Residensi Sembilan Cheras
No. A-07-3A, Block A, Residensi Sembilan Cheras, Jalan Suria Residen, 43200 Cheras, Selangor
Pangsapuri Casa Subang
No. A-01-8, Pangsapuri Casa Subang, Jalan Subang 1, USJ 1, 47600, Subang Jaya, Selangor
Amaya Maluri
No. 19-10, Amaya Maluri, Jalan Jejaka 2, 55100 Kuala Lumpur
Centrum Residence
No. B-26-7, Centrum Residence, Taman Unipark Suria, 43000, Kajang, Selangor
Mutiara Heights
No. A-23-01, Block A, Oasis 1, Jalan Mutiara 3, Mutiara Heights, 43000 Kajang, Selangor
One Equine Residency
No. B-06-09, One Equine Residency, Persiaran Akademi Perdana, Taman Equine, 43300 Seri Kembangan, Selangor
Residensi Trofi 1
No. A-49-06, Residensi Trofi 1, No. 1, Jalan Dua, Sungai Besi, 55200 Kuala Lumpur
Residensi Xtreme Meridian
No. C-27-02, Block C, Residensi Xtreme Meridian (Astoria Ampang), Jalan Bemban, Off Jalan Ampang, 55000 Kuala Lumpur
Menara C
No. C-L34-02, Menara C (Camelia), Jalan Bandar Belia 1/2, Bandar Belia @ Bandar Wawasan, Putra Nilai, 71800 Nilai, Negeri Sembilan
Permata Residence
No. BA-12-03, Block B, Permata Residence, Jalan Suria 7, Taman Suria, 43000 Kajang, Selangor
Residensi Dana 15
No. A-22-3A, Residensi Dana 15 (AraTre'), D15, Jalan PJU 1A/46, 47301 Petaling Jaya, Selangor
I-City
No. E-27-02, Hyde 2, Persiaran Multimedia, I-City, Seksyen 7, 40000 Shah Alam, Selangor
38 Bidara Serviced Apartment
No. 06-09/C1, 38 Bidara Serviced Apartment, No. 30, Jalan Bedara, 50250 Kuala Lumpur
Mines Resort City
No. C-21-07, Block C, The Heritage, Jalan SB Dagang, Mines Resort City, 43300 Seri Kembangan, Selangor
Changkat View Kondominium
No. A-23A-08, Blok A, Changkat View Kondominium, Jalan Dutamas Raya, Off Jalan Segambut, 52100, Kuala Lumpur
Tower A2
No. A2-08-03, Tower A2, Residensi Henna, No. 2, Jalan Wangsa Kuarza, Wangsa Maju, 53300, Kuala Lumpur, Kuala Lumpur
Suria Sungai Besi
No. C-13A-06, Suria Sungai Besi, No. 366, Jalan Sungai Besi, 57100 Kuala Lumpur.
Sri Suajaya Condominium
No. 202-7-1, Sri Suajaya Condominium, Jalan Kampung Bandar Dalam, 51100 Sentul, Kuala Lumpur
Parklane OUG Service Apartment
No. A2-13A-12, Parklane OUG Service Apartment, Block A2, Jalan 1/152, Taman OUG Parklane, Off Old Klang Road, 58200 Kuala Lumpur
Saville
No. B-13-9, Saville, Jalan Kolam Air, 53100 Kuala Lumpur
Plaza 393
No. C-7-11, (Developer Parcel No. C-07-05), Plaza 393 (Block C), Jalan Shelley, 55100 Kuala Lumpur
D’Aman Residences
No. O-11-15, Block O, D’Aman Residences, Jalan Dagang Mas 5, Taman Mas, 47130 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.