5357 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.
Pangsapuri Rebana
No. E-4-16, Block E, Pangsapuri Rebana, Jalan Gamelan, Bandar Bukit Raja, 41050 Klang, Selangor
The Katana Residences
No. 03-04, Jalan Madge, The Katana Residences, 55000, Kuala Lumpur
Residensi Sembilan Cheras
No. A-22-10, Blok A, Residensi Sembilan Cheras, Jalan Suria Residen, 43200, Cheras, Selangor
Kondominium Eco Santuari
No. A-13-3A, Jalan Eco Santuari 3/1, Kondominium Eco Santuari, 42500, Telok Panglima Garang, Selangor
Residensi Vyne
No. B-7-3A, Residensi Vyne, Jalan 1/108D Jalan Sungai Besi, 57100 Kuala Lumpur
Residensi Vyne
No. D-16-03, Tingkat 16, Block D, Residensi Vyne, Jalan 1/108D, Sungai Besi, 57100 Kuala Lumpur
Residensi Hijauan
No. B2-14-3A, Residensi Hijauan, Jalan Budiman 22/3, Seksyen 22, 40300, Shah Alam, Selangor
Tiara Parkhomes
No. D-01-06, Block D, Tiara Parkhomes, Jalan Bukit Ria, Taman Bukit Ria, 43000, Kajang, Selangor
Kondominium Ken Rimba 1
No. A-23A-3A, Kondominium Ken Rimba 1, Jalan Lengkuas 16/26, Seksyen 16, 40200 Shah Alam, Selangor
Cybersquare
No. D-26-13, Block D, Jalan Teknokrat 6, Cybersquare, Cyber 5, 63000, Cyberjaya, Selangor
Pangsapuri Sri Cempaka
No. A502, Blok A, Pangsapuri Sri Cempaka, Jalan Merbuk, Bandar Puchong Jaya, 47100 Puchong, Selangor
Koi Tropika Serviced Condimunium
No. B-10-10, Koi Tropika Serviced Condimunium, Jalan Puchong, Batu 13 1/2, 47100, Puchong, Selangor
Magna Ville Selayang
No. C22-03 (22-3), Block C, Magna Ville Selayang, Lebuhraya Selayang – Kepong, 68100, Batu Caves, Selangor
Mentari Court
No. D-2-5, Blok D, Mentari Court, Jalan PJS 8/9, Taman Seri Mentari, 46150, Petaling Jaya, Selangor
Pangsapuri Akasia
No. G-3-08, Pangsapuri Akasia, Persiaran Kasuarina, Bandar Botanik, 41200, Klang, Selangor
Bayu Tasik Condominium
No. A-1-10, Blok A, Bayu Tasik Condominium, Jalan Sri Permaisuri 5, Bandar Sri Permaisuri, 56000 Kuala Lumpur
Jelutong Apartment
No. B-03-12, Jelutong Apartment, Jalan Sh1/2, Selayang Heights, 68100, Batu Caves, Selangor
Subang Perdana Goodyear Court 5
No. E3-02-10, Subang Perdana Goodyear Court 5, Persiaran Kewajipan, USJ 8, Subang Jaya, Selangor
Bandar Seri Putra Kajang
No. D-1-016, Jalan Seri Putra 3/1 (seri Melati), Bandar Seri Putra Kajang (r/p), 43000, Kajang, Selangor
Pangsapuri Teratai
No. D-03-01, Pangsapuri Teratai, Block D, Taman Puchong Prima, 47150, Puchong, Selangor
Taman Segar
No. B-3-6, Blok B, Jalan 1A, Taman Segar, 56100 Kuala Lumpur
Bandar Baru Wangsa Maju
No. 501, Block G18, Seksyen 2, Bandar Baru Wangsa Maju, 53300 Kuala Lumpur
Pangsapuri Laguna Biru
No. D-7-5, Block D, Pangsapuri Laguna Biru, Jalan Tasik Biru 17, Taman Tasik Biru Kundang, 48050, Rawang, Selangor
Pangsapuri Angsana
No. D8-08-15, Pangsapuri Angsana, Persiaran Mewah, USJ 1, 47620 Subang 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 5357 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.