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.
Tower 2
No. B-20-11, Tower 2 (Block B),188 Suites, Jalan Cendana, 50250 Kuala Lumpur
Azelia Residence
No. A-08-03, Block A, Azelia Residence, No. 3, Jalan PJU 9/1, Damansara Avenue, Bandar Sri Damansara, 47830 Petaling Jaya, Selangor
Residensi Vivo
No. C-21-06, Residensi Vivo, 9 Seputeh, Off Jalan Klang Lama, 58000 Kuala Lumpur
West Wing
No. W-2-2, West Wing, Isola, Jalan Ss 16/1, SS 16, 47500 Subang Jaya, Selangor
Residensi Sunway Serene
No. B-47-06, Residensi Sunway Serene, Jalan SS 8/2, 47300 Petaling Jaya, Selangor
Seri Riana
No. A-09-1, Seri Riana, No 9, Jalan Wangsa Delima 7, Wangsa Maju, 53300 Kuala Lumpur
Vipod Residences
No. A-3A-1, Vipod Residences (6 Kia Peng), Jalan Kia Peng, 50450 Kuala Lumpur
Residensi Waltz
No. N-36-01, Residensi Waltz, No. 1, Jalan Awan Besar, Taman Overseas Union, 58200 Kuala Lumpur
Residensi Sefina Mont' Kiara
No. 08-08, Residensi Sefina Mont' Kiara, No. 19, Jalan Kiara 3, Mont' Kiara, 50480 Kuala Lumpur
Menara A
No. A-39-01, Menara A, Datum Jelatek, Jalan Jelatek, 54200 Kuala Lumpur
Armanee Terrace Condominium
No. A-1-B10, Armanee Terrace Condominium, No. 8, Jalan PJU 8/1, Bandar Damansara Perdana, 47820 Petaling Jaya, Selangor
Tower 2
No 2-32-6, Tower 2, Residensi Opus, No 8, Jalan Talalla, 50460 Kuala Lumpur
Residensi Pavilion Bukit Ceylon
No. A-43-06, Residensi Pavilion Bukit Ceylon, No. 5, Changkat Raja Chulan, 50200 Kuala Lumpur
Tower 2
No. 2-11-16, Tower 2, M-City, Jalan Ampang, 50450 Kuala Lumpur
Dragon Tower Mutiara Oriental
No. D-17-PH8, 18, Dragon Tower Mutiara Oriental, Jalan BM 1/8, PJU 1, 47301, Petaling Jaya, Selangor
Bukit Utama 1
No. C2-09-5, Bukit Utama 1, No. 3, Changkat Bukit Utama, PJU 6, Bandar Utama, 47800 Petaling Jaya, Selangor
Tower A
No. A3-18-3A, Tower A, St Mary Residences, No. 1, Jalan Tengah, 50250 Kuala Lumpur
Residensi Pudu Alam Rekreasi
No. 33-12, Residensi Pudu Alam Rekreasi (Parc 3), No. 5, Jalan Pudu Perdana, 56100 Kuala Lumpur
Residensi Park Bukit Jalil
No. A-21-3, Residensi Park Bukit Jalil, Persiaran Jalil Utama, Bandar Bukit Jalil, 57000 Kuala Lumpur
Anjali Utara Kiara
No. A-10-03A, Anjali Utara Kiara, Jalan 3/61, Segambut Dalam, Kuala Lumpur
Residensi Sefina
No. 19-06, Residensi Sefina, Jalan Kiara 3, Mont Kiara, 50480 Kuala Lumpur
Residensi Agile Delima
No. C-19-01, Residensi Agile Delima, Jalan Delima, Bukit Bintang, 55100 Kuala Lumpur
23rd Floor
No. B-23-3A, 23rd Floor, Block B, 157 Hampshire, No. 1, Jalan Mayang Sari, 50450 Kuala Lumpur
Ativo Suites
No. B-17-11, Block B, Ativo Suites, No, 1, Jalan PJU 9/1, Damansara Avenue, Bandar Sri Damansara, 52200 Kuala Lumpur
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.