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.
Residensi Alstonia
No. B-16-1, Residensi Alstonia, Jalan Kiara Sungai Long, Bandar Sungai Long, 43000 Kajang, Selangor
Angkasa Impian 2
No. B-13-2, Angkasa Impian 2, Lorong Sahabat, 50200 Kuala Lumpur
Residensi Kuchai Damai
No. B-16-3, Residensi Kuchai Damai, No. 1, Jalan 9/116B, Kuchai Entrepreneurs Park, Off Jalan Kuchai Lama, 58200 Kuala Lumpur
Residensi Bandar Razak
No. A2-33-03, Residensi Bandar Razak, No 1, Jalan Razak Mansion, 57100 Sungai Besi, Kuala Lumpur
Laman Seri Harmoni
No. C-31-01, Laman Seri Harmoni (LSH33), No. 3, Jalan Batu Muda Tambahan 3, Sentul, 51100 Kuala Lumpur
Residensi Topaz
No. B-10-07, Block B, Residensi Topaz, Jalan Mutiara 2, Mutiara Heights, 43000 Kajang, Selangor
Residensi Topaz
No. B-29-05, Residensi Topaz, Jalan Mutiara 2, Mutiara Heights, 43000 Kajang, Selangor
Residensi Hijauan
No. A1-10-05, Residensi Hijauan, No.4, Jalan Budiman 22/3, Seksyen 22, 40300, Shah Alam, Selangor
Residensi Embun Damai
No. A-16-3A, Residensi Embun Damai, Jalan PJU 8/8, Damansara Perdana, 47820 Petaling Jaya, Selangor
Residensi Lot 8
No. B2-11-3, Residensi Lot 8, Jalan Puchong South 1, Bandar Puchong South, 47100 Puchong, Selangor
Bayu Sejahtera
No. A2-07-10, Block A2, Bayu Sejahtera, Persiaran Bayu 2, 68000 Ampang, Selangor
Residensi Kenwingston Petaling
No. B-31-03, Residensi Kenwingston Petaling, Lebuhraya Besraya, Taman Salak Selatan, 57000 Kuala Lumpur
Residensi PV 21
No. B-25-02, Residensi PV 21, Jalan Usahawan 2, Off Jalan Genting Klang, Setapak, 53200 Kuala Lumpur
JomBid - Youth City Residence
JomBid - Youth City Residence, Jln Bandar Belia 1/3, Bandar Wawasan Putra Nilai, 71800 Nilai, Negeri Sembilan
Tower A
No. A-34-06, Tower A, Astetica Residences, Jalan Dagang SB, The Mines Resort City, 43300 Seri Kembangan, Selangor
Suite Servis Suria
No. 6-25, Suite Servis Suria, Jalan Sri Bintang, Segambut, 51200 Kuala Lumpur
Residensi Neksus Taman Pertama
No. 23-11, Residensi Neksus Taman Pertama, No. 1, Jalan Selangat, Cheras, 56100 Kuala Lumpur
Residensi Nest
No. B-25-09, Residensi Nest, Jalan A, Off Jalan Puchong, Kuala Lumpur
Residensi Legasi
No. 08-10, Residensi Legasi, No. 26, Jalan 1/42, Off Jalan Kuching, 51200 Kuala Lumpur
Residensi Bandar Razak
No. D3-23A-05, Residensi Bandar Razak, No. 1, Jalan Razak Mansion, Sungai Besi, 57100 Kuala Lumpur
Anggun Lumayan
No. A-10-03, Anggun Lumayan, No. 18, Jalan Tasik Permaisuri 2, Bandar Tun Razak, 56000 Kuala Lumpur
28 Boulevard
No. C-41-06, Block C, 28 Boulevard, Jalan Perdana 3/10, Pandan Perdana, 55300 Kuala Lumpur
Tower B
No. B-23A-12, Tower B, Residensi M Vertica, No. 555, Jalan Cheras, 56000 Kuala Lumpur
Residensi Bandar Razak
No. D1-19-08, Residensi Bandar Razak, No. 1, Jalan Razak Mansion, Sungai Besi, 57100 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 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.