1291 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.
Arte Cheras
No. C1-37-10, Arte Cheras, No. 689, Jalan Cheras, Taman Midah, Cheras, 56000 Kuala Lumpur
Residensi Vyne
No. D-21-03, Residensi Vyne, Jalan 1/108D, Sungai Besi, 57100 Kuala Lumpur
Parklane OUG Service Apartment Block C1
No. C1-7-10, Parklane OUG Service Apartment Block C1, No. 1, Jalan 1/152, Taman OUG Parklane, 58200 Kuala Lumpur
D’Aman Crimson
No. Y-08-13, Block Kayangan, D’Aman Crimson, No. 1, Jalan PJU 1A/41, Ara Jaya, 47301 Petaling Jaya, Selangor
Residensi Hijauan
No. A1-06-05, Residensi Hijauan, Jalan Budiman 22/3, Seksyen 22, 40300 Shah Alam, Selangor
Palm Spring @ Damansara
No. C-408, Tingkat 4, Block C, Palm Spring @ Damansara, No. 1, Jalan PJU 3/29, Kota Damansara, 47810, Petaling Jaya, Selangor
Suite 1505
Suite 1505, Casa Mila Tower, Taman Bukit Idaman, 68100 Batu Caves, Selangor
Sri Ria Apartment
No. P5-B-06-06, Sri Ria Apartment, Jalan Pasir Emas, Taman Sepakat Indah Sungai Chua, 43000, Kajang, Selangor
Residensi Hijauan
No. A1-05-01, Residensi Hijauan (The Greens), No. 4, Jalan Budiman 22/3, Seksyen 22, 40300 Shah Alam, Selangor
Seri Tijanni
No. 8-6, Jalan Tijanni 1, Off Jalan BRP 2, Seri Tijanni, 48050 Kuang, Selangor
Seri Hijauan Condominium
No. A-13-05, Seri Hijauan Condominium, No. 1, Jalan Bukit Hijau 26/24, Seksyen 26, 40400, Shah Alam, Selangor
Menara 2
No. M2-19-2, Menara 2, Seri Melawati, Jalan Melawati 1, Taman Melawati, 53100 Kuala Lumpur
Tower A
No. A-20-13A, Tower A, The Scott Garden, Soho Kompleks Rimbun Scott Garden, No. 289, Jalan Klang Lama, 58200 Kuala Lumpur
Pacific Place Commercial Centre
No. A-03A-15, Block A, Pacific Place Commercial Centre, Jalan PJU 1A/4, Ara Damansara, 47301 Petaling Jaya, Selangor
Galleria 2
No. D-21-06, Galleria 2, Persiaran Equine Perdana, Taman Equine, 43300 Seri Kembangan, Selangor
Pusat Perdagangan Icon City
No. T1-19-06, Pusat Perdagangan Icon City, No. 1B, Jalan SS 8/39, 47300 Petaling Jaya, Selangor
Damai Hillpark
No. B-07-11, Damai Hillpark, Jalan 6/1F, Damai Hillpark, Bandar Damai Perdana, 56000 Cheras, Selangor
Tower C
No. C-31-06, Tower C, Residensi Duta Park, No. 11, Jalan Kuching, 51200 Kuala Lumpur
Garnet
No. 8, Jalan KE 8/1H, Garnet, Kota Emerald, 48000, Rawang, Selangor
Lake Haven Residence
No. C-2-13, Block C, Lake Haven Residence, Jalan Putra Perdana 14, Taman Putra Perdana, 47100 Puchong, Selangor
Condominium
No. A-05-22A, Block A, One Damansara, Condominium, No. 1 Jalan PJU 10/3C, 47830 Damansara Damai, Petaling Jaya, Selangor
Royal Domain - Sri Putramas II
No. B1-22-06, Tingkat 22, Block B1, Royal Domain - Sri Putramas II, Jalan Putramas , Off Jalan Kuching, 51200 Kuala Lumpur
Rosvilla Kondominium
No. 06-3A, Rosvilla Kondominium, No. 2, Jalan Prima Pelangi, Bukit Prima Pelangi, 51200 Kuala Lumpur
Casa Desa Condominium
No. C-07-02, 7th Floor, Block C, Casa Desa Condominium, No.1 Jalan Desa Utama, Taman Desa, 58100 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 1291 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.