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.
Residensi Pasir Emas
No. B1-23-3A, Block B1, Residensi Pasir Emas, No. 6, Jalan Kampung Pasir, Off Jalan Klang Lama, 58200 Kuala Lumpur
North Tower
No. N-7-02, North Tower, Swiss Garden Residences, No. 2A, Jalan Galloway, 50150 Kuala Lumpur
Residensi Xtreme Meridian
No. B-42-3A, Block B, Residensi Xtreme Meridian (on-site Astoria Ampang), Jalan Bemban, 55000 Kuala Lumpur
Wisma Infinitum
No. B-15-10, Wisma Infinitum, No. 18, Jalan Dewan Sultan Sulaiman, 50300 Kuala Lumpur
Residensi Riverville
No. A-23A-09, Residensi Riverville, No.6, Jalan Taman Seri Sentosa, 58000 Kuala Lumpur
Residensi Stellar 8 Sri Petaling
No. A-26-08, Residensi Stellar 8 Sri Petaling, No. 1, Jalan Naga Emas, Sri Petaling, 57000 Kuala Lumpur
Residensi Vivo 9 Seputeh
No. C-31-05, Residensi Vivo 9 Seputeh, Jalan Telok Datok, Off Jalan Kelang Lama, 58100 Kuala Lumpur
188 Suites
No. A-19-07, 188 Suites, No. 10, Jalan Cendana, 50250 Kuala Lumpur
Residensi Andes Ria
No. B-15-01, Residensi Andes Ria, Jalan Mas 3, Bukit Jalil, 58200 Kuala Lumpur
Prima Indah
No. A-05-02, Prima Indah, Persiaran Kemuning Prima, Section 32, 40460 Shah Alam, Selangor
H2O @ Ara Damansara
No. C-12-16, H2O @ Ara Damansara, No. 1, Jalan PJU 1A/3, Ara Damansara, 47301 Petaling Jaya, Selangor
Residensi Paisley
No. A-26-02, Residensi Paisley, Jalan MP 1, Tropicana Park, 47500 Subang Jaya, Selangor
Residensi Berpadu
No. A-38-06, Residensi Berpadu, Jalan Lang Emas, 51200 Kuala Lumpur
Residences 2
No. C-32-09, Residences 2, KL Geteway, No. 2, Jalan Kerinchi, Gerbang Kerinchi Lestari, 59200 Kuala Lumpur
Z Residence
No. C-03-08, Block C, Z Residence, No. 5, Jalan Jalil Perwira 2, 58200 Bukit Jalil, Kuala Lumpur
Pangsapuri Gaya
No. 01-11-3A, Pangsapuri Gaya, Persiaran Kemuning Damai, Seksyen 32, 40460 Shah Alam, Selangor
Aster Green Residence
No. 13-10, Aster Green Residence (Hijauan Aster Sri Petaling), No. 111, Jalan 2/149, Taman Salak Selatan, 57000, Kuala Lumpur
8th Floor
No. A-8-2, 8th Floor, Block A, Citizen @ Old Klang Road (Residensi Nusantara Petaling), No. 1, Jalan Nusantara Petaling, 58000 Kuala Lumpur
Cloudtree Residence
No. C-10-3, Cloudtree Residence, Jalan Juara, 43300 Seri Kembangan, Selangor
HighPark Suites
No. N-12-13A, HighPark Suites, No. 1, Jalan SS6/7, Kelana Jaya, 47301 Petaling Jaya, Selangor
Verando Residence
No. B-13A-3A, Block B, Verando Residence, Jalan PJS 5/27, PJS 5, 46000 Petaling Jaya, Selangor
Residensi Aster Cheras
No. 33A-25, Residensi Aster Cheras, Jalan Cheras Hartamas, 56100 Cheras, Kuala Lumpur
Tower A
No. A-27-01, Tower A, Residensi Skysierra, No. 12, Jalan Taman Setiawangsa, Taman Setiawangsa, 54200 Kuala Lumpur
Residensi Dedaun Mas
No. A-15-10, Residensi Dedaun Mas (D'Ivo Residences), Jalan Klang Lama, 58000 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.