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.
South Suites
No. S-23-07, South Suites, Idaman Robertson, No. 2, Jalan Robertson, 50150 Kuala Lumpur
Sri Impian Condominium
No. 9-7, Sri Impian Condominium, No. 38, Jalan Ang Seng, Brickfields, 50470 Kuala Lumpur
Residensi Kamar Putra
No. 23-03, Residensi Kamar Putra (Chambers Residence), No. 2A, Jalan Ipoh Kecil, 50350 Kuala Lumpur
Apartment Servis J Dupion
No. B-26-02, 26th Floor, Block B, Apartment Servis J Dupion, Jalan Sembilang, 56000 Kuala Lumpur
Residensi Setiawangsa
No. 03-22-05, Residensi Setiawangsa (Kaleidoscope Condominium), No. 20, Jalan 1/56, Taman Setiawangsa, 54200 Kuala Lumpur
Crescent Court
No. 10C, Crescent Court, Lengkok Tun Sambanthan, Brickfields, 50470 Kuala Lumpur
Residensi Vyne
No. D-6-3, Tingkat 6, Block D, Residensi Vyne, Jalan 1/108D, 57100 Sungai Besi, Kuala Lumpur
The Parque Residences
No. C-02-02, The Parque Residences, Jalan Eco Santuari 3/1, Eco Santuari, 42500, Telok Panglima Garang, Selangor
Pearl Suria @ Menara Pearl Point 2
No. S-12-13A, Pearl Suria @ Menara Pearl Point 2, Jalan Sepadu, Off Jalan Klang Lama, 58200 Kuala Lumpur
Idaman Robertson
No. S-43A-09, Idaman Robertson, No. 2, Jalan Robertson, 50150 Kuala Lumpur
Kondominium Juta Mines
No. B-19-9, Block B, Kondominium Juta Mines, Jalan Tanming Permai 1, 43300 Seri Kembangan, Selangor
Menara B
No.B-23A-5, Menara B, Residensi Verando, Jalan PJS 5/27, PJ Selatan Sentral 46000, Petaling Jaya Selangor
Residensi Sini
No. B-09-03A, Residensi Sini, No. 2, Jalan Setia Perdana AZ U13/AZ, Seksyen U13, Setia Alam, 40170 Shah Alam, Selangor
Pantai Sentral
No. 15-1, Inwood Residences, Jalan Pantai Murni 7, Pantai Sentral, 59200 Kuala Lumpur
Royal Domain Sri Putramas II
No. A1-01-02, Block A1, Royal Domain Sri Putramas II, No. 1, Jalan Putramas Off Jalan Kuching, 51200 Kuala Lumpur.
Sutera Pines
No. A-18-15, Block A, Sutera Pines, Jalan Sutera Pines, 43000 Kajang, Selangor
You City
No. A-13-09, You 3, Jalan You City, You City, 43200 Cheras, Selangor
Green Residence
No. A-13-10, Block A, Green Residence, Jalan Sayang 1, 43200 Cheras, Selangor
Residensi Alstonia
No. B-12-5, Residensi Alstonia, Jalan Kiara Sungai Long, Bandar Sungai Long, 43000 Kajang, Selangor
Emporis
No. A-19-06, Emporis, Persiaran Surian, Seksyen 3, Taman Sains Selangor 1, Kota Damansara, 47810 Petaling, Selangor
Verdi Residence
No. 01-06-02, Block 1, Verdi Residence, Symphony Hills, Persiaran Bestari, Cyber 9, 63000 Cyberjaya, Selangor
H2O @ Ara Damansara
No. A-08-05, H2O @ Ara Damansara, No. 1, Jalan PJU 1A/3, Ara Damansara, 47301 Petaling Jaya, Selangor
Sunsuria Forum
No. RS-49-03, Sunsuria Forum, No 1, Jalan Setia Dagang Al U13/Al Seksyen U13 Setia Alam, 40170 Shah Alam, Selangor
Pusat Perdagangan Icon City
No. T2-13-13A, Pusat Perdagangan Icon City, No. 1B, Jalan SS 8/39, 47300 Petaling 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 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.