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.
Platinum Lake Condominium Block A
No. A-3A-02, PV 13, Platinum Lake Condominium Block A, Jalan Danau Saujana 1, Taman Danau Kota, 53300 Kuala Lumpur
Titiwangsa Sentral
No. A1-13-5, Block A, Titiwangsa Sentral, Jalan Chemur, 50400 Kuala Lumpur
I-soho
No. A1-24-3, I-soho, No. 2, Persiaran Multimedia, I-city, Seksyen 7, 40000 Shah Alam, Selangor
Pangsapuri Casa Subang Jalan Subang 1
No. A-13-07, Pangsapuri Casa Subang Jalan Subang 1, Usj 1 47600 Subang Jaya, Selangor
Kampung Idaman
No. 36, Jalan Idaman 10, Kampung Idaman, 42000 Pelabuhan Klang, Selangor
ISOHO I-CITY
No. A1-25-02, ISOHO I-CITY, Persiaran Multimedia, 40000 Shah Alam, Selangor
Ridzuan Condominium
No. B-22-02, Blok B, Ridzuan Condominium, Jalan PJS 10/11, Bandar Sri Subang, 46000 Petaling Jaya, Selangor
Residensi Hijauan
No. A2-10-09, Residensi Hijauan, Jalan Budiman 22/3, Seksyen 22 40300 Shah Alam, Selangor
Tower B
No. AB-26-01 (On site B-26-01), Tower B, Anya at Shorea Park Residency, Jalan SP1, Shorea Park 47120 Puchong, Selangor
Residensi Equine
No. C-08-08, Residensi Equine, Jalan Equine, Taman Equine, Bandar Putra Permai, Seri Kembangan 43300, Selangor
Pusat Perdagangan Icon City
No. T3-22-07, Pusat Perdagangan Icon City, Jalan SS8/39, SS8, 47300 Petaling Jaya, Selangor
Serin Residency
No. A-01-09, Blok A, Serin Residency, Jalan Fauna 1, Cyber 9, 63000, Cyberjaya, Selangor
Residensi Sembilan Cheras
No. A-22-03, Block A, Residensi Sembilan Cheras, Jalan Suria Residen, 43200 Cheras, Selangor
Residensi Suasana @ Damai
No. C-16-02A, Block C, Residensi Suasana @ Damai, No. 6, Jalan PJU 10/1, Damansara Damai, 47830 Petaling Jaya, Selangor
One Equine Residency
No. B-02-05, One Equine Residency, Persiaran Akademi Perdana, Taman Equine, 43300 Seri Kembangan, Selangor
Bayu Sejahtera
No. A1-08-06, Block A1, Bayu Sejahtera, Persiaran Bayu 2 68000 Ampang, Selangor
Nanayu 62
No. B-13-6, Nanayu 62, Jalan Malawati 8A, Taman Nadayu, 53100 Hulu Klang, Selangor
Lake Point Residence
No. B1-19-03, Block 1, Lake Point Residence, Cyber 11, 63000 Cyberjaya, Selangor
Emerald 9 Cheras
No. B-19-8, Block B, Emerald 9 Cheras, Persiaran Awana, 43200 Cheras, Selangor
Residensi Opal
No. B-24-03, Residensi Opal, Jalan Mutiara 2, Mutiara Heights, 43000 Kajang, Selangor
Residensi Cheras Selatan 2
No. A-13-06, Block A, Residensi Cheras Selatan 2, Jalan Dataran Cheras 7, 43200 Cheras, Selangor
Selayang 18
No. B-06-12, Blok B, Selayang 18, Persiaran 3, Bandar Baru Selayang, 68100, Batu Caves, Selangor
The Iresidence
No. A-10-06, The Iresidence, No. 1, Jalan Bendahara 38/7, Bandar Mahkota Cheras, 43200 Kajang, Selangor
Bistari Condominium
No. 107-21-3A, Bistari Condominium, Jalan 1/64D, Off Jalan Putra, 50350 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.