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.
Verticas Residensi
No. B-13A-01, Verticas Residensi, No. 10, Jalan Ceylon, 50200 Kuala Lumpur
Nadayu 28 Residen
No. B-12-3, Nadayu 28 Residen, Jalan PJS 11/7, Bandar Sunway, 47500 Subang Jaya, Selangor
Vipod Residences
No. C-18-2, Vipod Residences, No. 6, Jalan Kia Peng, 50450 Kuala Lumpur
Flora Murni Condominium
No. A-13-01, Flora Murni Condominium, No. 3, Jalan Kiara 3, Mont' Kiara, 50480 Kuala Lumpur
Westside 3 Condominium
No. 38-07, Westside 3 Condominium, Jalan Residen Utama, Desa Parkcity, 52200 Kuala Lumpur
Desa Kudalari
No. 802, Desa Kudalari, Lorong Kuda, 50450 Kuala Lumpur
Residensi Pentagon Mont Kiara
No. 05-05, Residensi Pentagon Mont Kiara, No 19, Jalan Kiara 5, 50480 Mont Kiara, Kuala Lumpur
Residensi Sefina
No. 15-3A, Residensi Sefina, Jalan Kiara 3, Mon't Kiara, 50480 Kuala Lumpur
Tower 1
No. 1-45-7, Tower 1, The Park 2 (Residensi Park 2), Pavilion Bukit Jalil, No. 2, Persiaran Jalil 5, Bukit Jalil, 57000 Kuala Lumpur
KLCC Luxury Suites
No. 5-10, KLCC Luxury Suites, Damai 88, Off Jalan Ampang, 55000 Kuala Lumpur.
KLCC Luxury Suites
No. 5-9, KLCC Luxury Suites, Damai 88, Off Jalan Ampang, 55000 Kuala Lumpur
Pavillion Damansara Heights
No. R2S-29-3A, Pavillion Damansara Heights, No 3, Jalan Damanlela, Kuala Lumpur
Residensi Star 2
No. 2-12-2, Residensi Star 2, No. 1, Jalan Yap Kwan Seng, 50450 Kuala Lumpur
Kiaraville
No. A-3-6, Kiaraville, Changkat Duta Kiara, 50480 Mont' Kiara, Kuala Lumpur
Intan Kenny Condominum
No. 31-2-2, Intan Kenny Condominum, Persiaran Bukit Tunku, Bukit Tunku, 50480, Kuala Lumpur
Dorsett Residensi Bukit Bintang
No. 19-09, Dorsett Residensi Bukit Bintang, No. 172A, Jalan Imbi, Pudu, 55100 Kuala Lumpur
Residensi Wangsa 9
No. C-18-2, Residensi Wangsa 9, Jalan Wangsa Perdana 1, Wangsa Maju, 53300 Kuala Lumpur
South Brooks
No. T2-27-11, South Brooks, No. 7, Jalan Residen Utama, Desa Parkcity, 52200 Kuala Lumpur
Binjai Residency
No. B-16-2, Binjai Residency, No. 1, Lorong Binjai, 50450 Kuala Lumpur
Residensi Gen
No. 13-06, Residensi Gen (GenKL), Jalan Kuchai 3, Taman Lian Hoe, 58200 Kuala Lumpur
Tower B
No. B-19-06, Tower B, The Horizon Residences, No. 420, Jalan Tun Razak, 50400 Kuala Lumpur
Residensi 99
No. C-33A-05, Residensi 99, No. 3, Jalan Seri Utara 3, 68100 Kuala Lumpur
Aragreens
No. C-05-03, Block C, Aragreens, No. 6A, Jalan PJU 1A/3, Ara Damansara, 47301 Petaling Jaya, Selangor
Armanee Terrace Kondominium
No. B-5-C10, Armanee Terrace Kondominium, No. 8, Jalan PJU 8/1, Bandar Damansara Perdana, 47820 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.