5357 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.
Taman Sunway Batu Caves
No. 35A-3, Jalan SM 3, Taman Sunway Batu Caves, 68100 Batu Caves, Selangor
Flora Damansara
No. E-10-01, Block E, Flora Damansara, No. 1, Jalan PJU 8/9, Bandar Damansara Perdana, 47820 Petaling Jaya, Selangor
Astrum Ampang
No. S-39-05, Block S, Astrum Ampang, Jalan Enggang, Taman Keramat, 54200 Kuala Lumpur.
Kuchai Entrepreneurs Park
No. 1-4-12, Rumah Pangsa Kos Rendah, Jalan 7/116B, Kuchai Entrepreneurs Park, 58200 Kuala Lumpur
Pangsapuri Enggang
No. B-6-16, Block B, Pangsapuri Enggang, Jalan Kinrara 6F, Bandar Kinrara, 47180 Puchong, Selangor
Residensi Rimbun
No. A-09-38, Blok A, Residensi Rimbun, Jalan Zamrud Utama, 43000 Kajang, Selangor
Rumah Pangsa Bandar Bukit Tinggi 2
No. M-3-18, Block M, Rumah Pangsa Bandar Bukit Tinggi 2, Di Jalan Batu Nilam 34, 41200, Klang, Selangor
Pangsapuri Seri Nilam
No. C12-21, Pangsapuri Seri Nilam, Jalan Wawasan 3/8, Bandar Baru Ampang, 68000 Ampang, Selangor
Apartment Lestari
No. E-5-02, Block E, Apartment Lestari, No. 1, Jalan PJU 10/1B, Damansara Damai, 47300 Petaling Jaya, Selangor
Ivory Apartment
No. E-506, Block E, Ivory Apartment, Taman Indah Perdana, 52100 Kepong, Kuala Lumpur
Pangsapuri Angsana
No. H6-06-09, Blok H, Pangsapuri Angsana, Persiaran Mewah, USJ 1, 47620, Subang Jaya, Selangor
Astana Alam 3
No. Juwita 02-13, Jalan Astana 13/2, Astana Alam 3, Seksyen 13, 42300 Bandar Puncak Alam, Selangor
Impian Baiduri
No. B-10-03, Blok B, Impian Baiduri, No.6, Jalan 224, Seksyen 51A, 46100 Petaling Jaya, Selangor
3rd Floor
No. C-3-06, 3rd Floor, Block Cahaya, Putri Laksamana, Jalan Batu Caves, 68100 Batu Caves, Selangor
19th Floor
No. A-19-02, 19th Floor, Brunsfield Embassyview, 273, Jalan Ampang, 50450 Kuala Lumpur.
The Ruma Residence
No. 25-03, The Ruma Residence (The Ruma Hotel and Residences), No. 7, Jalan Kia Peng, 50450 Kuala Lumpur
Residensi Tria Seputeh
No. A-29-09, Residensi Tria Seputeh, 9 Seputeh, No. 26, Jalan Telok Datok, Off Jalan Kelang Lama, 58000 Kuala Lumpur
Residensi Infiniti 3
No. A-23A-3, Residensi Infiniti 3, No. 1, Jalan Seri Wangsa 2, Wangsa Maju, 53300 Kuala Lumpur.
188 Suites
No. B-27-07, 188 Suites, No. 10, Jalan Cendana, 50250 Kuala Lumpur
Residensi Mirage YKS
No. 11-1, Residensi Mirage YKS, No. 39, Jalan Yap Kwan Seng, 50450 Kuala Lumpur
Pusat Perdagangan Icon City
No. T2-28-02, Pusat Perdagangan Icon City, No. 1B, Jalan SS 8/39, 47300 Petaling Jaya, Selangor
Solaris Dutamas
No. B1-7-7, Solaris Dutamas (Blok-B1), Jalan Dutamas 1, Off Jalan Duta, 50480 Kuala Lumpur
Arcoris
No. B1-8-11, Arcoris, Jalan Kiara, Mont’ Kiara, 50480 Kuala Lumpur
1st Floor
No. C-01-02, 1st Floor, Brunsfield Embassyview, 273, Jalan Ampang, 50450 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 5357 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.