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.
Tropicana Grande
No. B-27-02, Tropicana Grande, No. 3, Persiaran Tropicana PJU 3, 47410 Petaling Jaya, Selangor
3 Kia Peng Kondominium
No. 18-1, 3 Kia Peng Kondominium, No 3, Jalan Kia Peng, 50450 Kuala Lumpur
Kondominium Veo Melawati
No. B-29-1, Kondominium Veo Melawati, No. 1, Jalan Melawati Kuarza 2, KL Timur, Kuala Lumpur
2 Hampshire
No. 05-1, 2 Hampshire, No.10, Persiaran Hampshire, 50300 Kuala Lumpur
The Pearl
No. 13-02, The Pearl, No. 2A, Jalan Stonor, 50450 Kuala Lumpur
Midvalley City
No. B-20-6, Northpoint (Condo), Blok B, Midvalley City, No 1, Jalan Medan Syed Putra Utara, 59200 Kuala Lumpur
Menara Oxley
No. A-37-03A, Menara Oxley, No. 159, Jalan Ampang, 50450 Kuala Lumpur.
17th Floor
No. A-17-05, 17th Floor, Brunsfield Embassyview, 273, Jalan Ampang, 50450 Kuala Lumpur
Residensi Vogue 1
No. A-55-5, Residensi Vogue 1, Jalan Bangsar, KL Eco City, 59200 Kuala Lumpur
Kiara 9 Residency
No. C-25-5 (on-site 25-5), Block C, Kiara 9 Residency, No. 22, Jalan Kiara 3, Mont Kiara, 50480 Kuala Lumpur
Taman Pandamaran Permai
No. 28, Lorong Permai 4, Taman Pandamaran Permai, Kota Pendamar, 42000 Pelabuhan Klang, Selangor
Jalan Perumahan Gurney
No. 1-2, No. 8, Jalan Perumahan Gurney, 54100 Kuala Lumpur
Ara Hill
No. C1-1-2, Blok C1, Ara Hill, No. 5, Jalan PJU 1A/31, Ara Damansara, PJU 1A, 47301 Petaling Jaya, Selangor
Anggun Residences
No. 35-05, Anggun Residences, No. 8, Jalan Medan Tuanku Utama, 50300 Kuala Lumpur
The Pearl @ KLCC
No. A-36-03, The Pearl @ KLCC, Jalan Stonor, 50450 Kuala Lumpur
The Corinthian
No. 5-17-2, The Corinthian, Jalan Binjai, 50450, Kuala Lumpur
The Corinthian
No. 5-17-1, The Corinthian, Jalan Binjai, 50450, Kuala Lumpur
9 Bukit Utama
No. C-27-9, 9 Bukit Utama, No. 9, Persiaran Bukit Utama, Bandar Utama, 47800 Petaling Jaya, Selangor
The Capsquare Residences
No. 35-01, The Capsquare Residences, No. 2, Persiaran Capsquare, 50100 Kuala Lumpur
The Pearl
No. 15-2, The Pearl, No. 2A, Jalan Stonor, 50450, Kuala Lumpur
188 Suites
No. B-25-01, 188 Suites, Jalan Chendana, 50250 Kuala Lumpur
Isola KLCC
No. A-23A, Isola KLCC (Residensi Isola), No. 23, Jalan Yap Kwan Seng, 50450 Kuala Lumpur
Hartamas Regency 2
No. B-12-3, Block B, Hartamas Regency 2, No. 2, Jalan Duta Hartamas, Sri Hartamas, 50480, Kuala Lumpur
9 Bukit Utama
No. A-SA-6, 9 Bukit Utama, No. 9, Persiaran Bukit Utama, Bandar Utama, 47800 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.