5512 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.
Menara Teguh Bangsar
No. 10-17, Menara Teguh Bangsar (Establishment Bangsar), Jalan Ang Seng, 50470 Kuala Lumpur
Residensi Bandar Razak
No. D3-40-11, Residensi Bandar Razak, No. 1, Jalan Razak Mansion, Sungai Besi, 57100 Kuala Lumpur
Residensi Harmoni
No. B-39-09, Residensi Harmoni, No. 1, Jalan Awan Makmur, Taman OUG, 58200 Kuala Lumpur
M-City
No. 3-31-09, M-City, Jalan Ampang, 50450 Kuala Lumpur
Residensi Hijauan Bukit Jalil
No. C-L17-05, Residensi Hijauan Bukit Jalil, Jalan Jalil Perwira 2, Bukit Jalil, 58200 Kuala Lumpur
Tower 2
No. 2-13-08, Tower 2, M City, No. 326, Jalan Ampang, 50450 Kuala Lumpur
Residensi Dorsett Sri Hartamas
No. D-11-26, Residensi Dorsett Sri Hartamas, Jalan Sri Hartamas 1, Taman Sri Hartamas, 50480 Kuala Lumpur
Ativo Suites
No. B-36-1, Blok B, Ativo Suites, No 1, Jalan PJU 9/1, Damansara Avenue, Bandar Sri Damansara, 52200 Kuala Lumpur
Residensi PV9
No. B-21-3A, Residensi PV9, Jalan Melati Utama, Taman Melati, 53300 Setapak, Kuala Lumpur
Tower Eden
No. E-13-07, Tower Eden, The Henge Kepong (Residensi Henge), No. 9, Jalan Metro Perdana Barat, Taman Metropolitan, 52100 Kuala Lumpur
Central Residence @ Suria Sungai Besi
No. B-18-1, Central Residence @ Suria Sungai Besi, No. 366, Jalan Sungai Besi, 57100 Kuala Lumpur
Kondominium Bukit Cheras
No. A2-13A-2, 14th Floor, Block A2, Kondominium Bukit Cheras, No. 2, Jalan Bukit Cheras 18, Taman Bukit Cheras, 56000 Kuala Lumpur
Westminster Park
No. D-11-1, Westminster Park, Sri Putramas Condominium, Jalan Putramas 1, Off Jalan Kuching, 51200 Kuala Lumpur
Platinum OUG Residence
No. B-23-11, Platinum OUG Residence, No. 2, Jalan Jalil Muhibah, Kampung Muhibah, Bukit OUG, 58200 Kuala Lumpur
Menara Polo
No. H6-0-5, Menara Polo, Jalan 2/76E, Desa Pandan, 55100 Kuala Lumpur
Residence 8 Condominium
No. B-12-03A, Block B, Residence 8 Condominium, No. 8, Jalan Sri Jati 3, 58200 Kuala Lumpur
Residensi 357 Setapak
No. A-19-02, Residensi 357 Setapak, No. 2A, Lorong 2/23D, 53300 Setapak, Kuala Lumpur
Residensi Hijauan Bukit Jalil
No. C-L27-01, Residensi Hijauan Bukit Jalil, No. 7. Jalan Jalil Perwira 2, Bukit Jalil, 58200 Kuala Lumpur
Menara A
No. A-37-03, Menara A, Datum Jelatek, 55000 Kuala Lumpur
Regalia Service Apartment
No. C-29-10, Block C, Regalia Service Apartment, Jalan Anjung Putra, Off Jalan Sultan Ismail, 50250 Kuala Lumpur
Pangsapuri Armanee
No. A-3A-02, Blok A, Pangsapuri Armanee, No 10, Jalan PJU 10/1C, PJU 10, Damansara Damai, 47830 Petaling Jaya, Selangor
Tower 1
No. T1-3A-07 (T1-04-07), Tower 1, Rimba Residen, Jalan Bandar Kinrara 5B/5, Bandar Kinrara, 47180 Puchong, Selangor
Emporis
No. B-13-09, Block B, Emporis, Persiaran Surian, Seksyen 3, Taman Sains Selangor 1, Kota Damansara, 47810 Petaling Jaya, Selangor
Mutiara Hilltop
No. B-19-02, Block B, Mutiara Hilltop, Jalan Mutiara 2, Taman Mutiara Indah, 47160 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 5512 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.