5232 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.
Damansara Foresta
No. C-13A-06, Block C, Damansara Foresta (Fasa 1), Persiaran Meranti, Bandar Sri Damansara, PJU 9, 52200 Kuala Lumpur
Sucasa Corporate Apartment
No. 3-03, Sucasa Corporate Apartment, No. 2, Jalan Ampang, 50450 Kuala Lumpur
Residensi Alam Vista Aman
No. B-33A-12, Residensi Alam Vista Aman (Residensi AVA), No. 1, Jalan Benteng Utara, Kiara Bayu, Kepong, 52000 Kuala Lumpur
Residensi Rumbia Permaisuri
No. B-10-08, Residensi Rumbia Permaisuri, No. 73, Jalan Jelawat, Bandar Sri Permaisuri, 56000 Kuala Lumpur
Residensi Henge
No. F-20-01, Residensi Henge, No. 9, Jalan Metro Perdana Barat, Taman Metropolitan, 52100 Kepong, Kuala Lumpur
Riverville Residensi
No. B-22-11, 22nd Floor, Block B, Riverville Residensi, Jalan Taman Sri Sentosa, Taman Sri Sentosa, 58000 Kuala Lumpur
Tower 1
No. A-18-3A, Tower 1 (Block A),188 Suites, Jalan Cendana, 50250 Kuala Lumpur
Pangsapuri Temasya Kasih
No. A-5-12A, Pangsapuri Temasya Kasih, No. 6, Jalan Kerjaya, Seksyen U1, 40150 Shah Alam, Selangor
Louvre Residence
No. 08-01, Louvre Residence, Country Heights, 43000 Kajang, Selangor
Pavilion
No. B-21-02, Pavilion, Jalan Puteri 7/13, Bandar Puteri, 47100, Puchong, Selangor
Idaman Robertson
No. S-21-07, Idaman Robertson, No 2, Jalan Robertson, 50150 Kuala Lumpur
Residensi Pano
No. A-18-3A, Residensi Pano, No. 556, Batu 3 ½, Jalan Ipoh, 51200, Kuala Lumpur
Kondominium The Orion
No. 13A-2, 14th Floor, Kondominium The Orion, Jalan Tun Razak, 50400 Kuala Lumpur
Pinnacle Sri Petaling
No. A-33A-07, Pinnacle Sri Petaling, No. 1, Jalan Radin Anum 1, Sri Petaling, 57000 Kuala Lumpur
Eco Sky
No. A-25-10, Eco Sky, No. 972, Batu 6 1/2, Jalan Ipoh, 68100 Kuala Lumpur
Residensi Lakeville
No. C-32-01, Residensi Lakeville, Jalan Sibu, Taman Wahyu, 68100 Kuala Lumpur
Tower A
No. A-23-01, Tower A, Pangsapuri Servis Greenfield, Jalan PJS 8/15, PJS 8, Bandar Sunway, 46150 Petaling Jaya, Selangor
Residensi Chymes Gurney
No. B-19-01, Residensi Chymes Gurney, No. 79, Jalan Persiaran Gurney, 54000 Kuala Lumpur
Saville @ D'Lake
No. 13-17, Jalan Saville, Saville @ D'Lake, 47130 Puchong, Selangor
Residensi Fennel Sentul
No. C-13A-1, Block C, Residensi Fennel Sentul, No. 2, Jalan Amra, Sentul, 51000 Kuala Lumpur
The Elements
No. B-08-01, The Elements, Jalan Bemban Ampang, Off Jalan Ampang, 55000 Kuala Lumpur
The Elements
No. B-07-01, The Elements, Jalan Bemban Ampang, Off Jalan Ampang, 55000 Kuala Lumpur
Quill Residences
No. 8-12, Quill Residences, No. 1018, Jalan Sultan Ismail 50250, Kuala Lumpur
188 Suites
No. B-33-3A, 188 Suites, No. 10, Jalan Cendana, 50250 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 5232 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.