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.
591 Damansara SA
No. 11-9, 591 Damansara SA, No. 2, Jalan Perimbun 27/11, Seksyen 27, 40400 Shah Alam, Selangor
Lake Haven Residence
No. A-16-5, Block A, Lake Haven Residence, Jalan Putra Perdana 14, Taman Putra Perdana, 47100 Puchong, Selangor
One Damansara
No. B-3A-06, Block B, One Damansara, No. 1, Jalan PJU 10/3C, Damansara Damai, 47830 Petaling Jaya, Selangor
Aspire Residence
No. 3-03-02, Aspire Residence, Cyber 10, Persiaran Aspirasi, 63000 Cyberjaya, Selangor
Silk Residence
No. 7-09, Silk Residence, Jalan Sutera, Lebuhraya Silk, 43200 Cheras, Selangor Darul Ehsan.
Parklane OUG Service Apartment-Blok C1
No. C1-9-3, Parklane OUG Service Apartment-Blok C1, No. 1, Jalan 1/152, Taman OUG Parklane, 58200 Kuala Lumpur
The Parque Residences
No. A-3A-3A, The Parque Residences, Jalan Eco Santuari 3/1, Eco Santuari, 42500, Telok Panglima Garang, Selangor
Bangunan Gaya Irama D2
No. D2-6-08, Tingkat 6, Bangunan Gaya Irama D2, Jalan M U6/M, Pekan Subang, Seksyen U6, 40150 Shah Alam, Selangor Darul Ehsan
Kondominium Astana Putra
No. 2-5-606, Kondominium Astana Putra, Jalan BRP 1/1, Bukit Rahman Putra, Seksyen U20, 40160, Shah Alam, Selangor
Regalia Service Apartment
No. C-25-07A, Regalia Service Apartment, No. 2, Jalan Anjung Putra, Off Jalan Sultan Ismail, 50250 Kuala Lumpur
Menara A
No. A-L19-13, Menara A (Akasia), Youth City @ Vision City, Jalan Bandar Belia 1/1, Bandar Wawasan, Putra Nilai, 71800 Nilai, Negeri Sembilan
Tower B
No. B-18-32, Tower B, The Scott Garden Soho, Kompleks Rimbun Scott, No. 289, Jalan Klang Lama, 58000 Kuala Lumpur
Residensi Palmera
No. A-28-02, Residensi Palmera, Laman Puteri 3, Bandar Puteri Bangi, 43000, Kajang, Selangor
Evergreen Park Hazel & Acorn Condominium
No. B5-4-1, Evergreen Park Hazel & Acorn Condominium, Persiaran Sungai Long 1, Bandar Sungai Long, 43000 Kajang, Selangor
Bayu Tasik Condominium
No. C-1-9, Blok C, Bayu Tasik Condominium, Jalan Sri Permaisuri 5, Bandar Sri Permaisuri, 56000 Kuala Lumpur
The Scott Garden Soho
No. C-18-23A, Blok C, The Scott Garden Soho, Jalan Klang Lama, 58100 Kuala Lumpur
Faber Heights Condominium
No. 82-16-6, Faber Heights Condominium, Jalan Desa Utama, Taman Desa, 58100 Kuala Lumpur
Duta Ria Condominium
No. 18-2, Duta Ria Condominium, Jalan Dutamas Raya, 51200 Segambut, Kuala Lumpur
Endah Regal Condominium
No. A-9-4, Endah Regal Condominium, Blok A, Jalan 3/149E, Taman Sri Endah, 57000 Kuala Lumpur
The Scott Garden Soho
No. A-18-08, Blok A, The Scott Garden Soho, Jalan Klang Lama, 58100 Kuala Lumpur
Parklane OUG Serviced Apartment
No. D2-12-3, Parklane OUG Serviced Apartment, Blok D2, No. 1, Jalan 1/152, Taman OUG Parklane, 58200 Kuala Lumpur
Forest Green Apartment
No. B4-10-5, Forest Green Apartment, Bandar Sungai Long (R/Pangsa), 43000, Kajang, Selangor
Greenview Residence
No. A-13-08, Blok A, Greenview Residence (Vista Hijauan), Persiaran Sungai Long 2, Bandar Sungai Long, 43000, Kajang, Selangor
Parklane OUG Service Apartment
No. C2-19-3, Block C2, Parklane OUG Service Apartment, Jalan 1/152, Taman OUG Parklane, 58200 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.