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.
Mentari Court Apartment
No. B-16-2, Mentari Court Apartment, Jalan PJS 8/9, Taman Seri Mentari, 46150, Petaling Jaya, Selangor
Sri Raya Apartment
No. P4-B-07-12, Sri Raya Apartment, Off Jalan Pasir Mas, Taman Sepakat Indah, Sungai Chua, 40300, Kajang, Selangor.
MKH Boulevard II
No. 39-15, MKH Boulevard II, Jalan Bukit, 43000, Kajang, Selangor
Apartment Desa Ria
No. B-5-5, Block B, Apartment Desa Ria, Jalan Persiaran Impian, 43300 Balakong, Selangor
Tower B
No. B-11-07, Tower B, Universal 360, Jalan Raya 2, Taman Serdang Jaya, 43300 Seri Kembangan, 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
Residensi Awani 3
No. C-39-07, Block C, Residensi Awani 3 (sky Awani III Residence), No. 2, Jalan Santuari 2, 53200, Setapak, Kuala Lumpur
Kenari Condominium
No. K-10-10, Kenari Condominium, Jalan Sri Kenari 10, Taman Sri Kenari Fasa 2, 43000, Kajang, Selangor
Pangsapuri Seri Pinang
No. B-13-06, Blok B, Pangsapuri Seri Pinang, Taman Bukit Serdang, Seksyen 1, 43300, Seri Kembangan, Selangor
DK Impian
No. A-03-02, DK Impian, No. 3, Jalan Uranus U5/125A, Subang Pelangi, Section U5, 40150 Shah Alam, Selangor Darul Ehsan
Ayuman Suites
No. A-18-08, Jalan Sentosa 2, Ayuman Suites, 53100 Gombak, Selangor
Suria Mewah Residensi
No. 2-06, Suria Mewah Residensi, Jalan Dusun, 43500 Semenyih, Selangor
Tangerine Suites
No. 6-5, Tangerine Suites, Persiaran Sunsuria, Bandar Sunsuria, 43900 Sepang, Selangor
Residensi Pandanmas 2
No. D-28-06, Residensi Pandanmas 2, Lorong Delapan, Kampung Pandan, 55100 Kuala Lumpur.
Laman Seri Harmoni
No. B-09-09, Laman Seri Harmoni (Lsh33) No. 3, Jalan Batu Muda Tambahan 3, 51100 Sentul, Kuala Lumpur
Residensi Max Kolam Air
No. A-32-13, Residensi Max Kolam Air No. 61, Jalan Kolam Air 6, Kasipillay, 51200 Kuala Lumpur
Residensi Mutiara
No. B-09-13, Residensi Mutiara, Jalan Zamrud Utama, Sungai Tangkas, 43000 Kajang, Selangor
Lake Haven Residence
No. D-11-12, Lake Haven Residence, Jalan Putra Perdana 14, Taman Putra Perdana, 47100 Puchong, 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 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.