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.
The Scott Garden Soho
No. C-13A-21, The Scott Garden Soho, Jalan Klang Lama, Kompleks Rimbun Scott 289, 58000, Kuala Lumpur
Sri Pelangi Condominium
No. 128-16-11, Block 128, Sri Pelangi Condominium, Jalan Genting Kelang, Setapak, 53300, Kuala Lumpur
Tower A
No. A-12-13, Level 14, Tower A, Scott Garden Soho, Kompleks Rimbun Scott, No.289, Jalan Klang Lama, 58000, Kuala Lumpur
Magna Ville Selayang
No. C-15-05, Blok C, Magna Ville Selayang, Lebuhraya Selayang-kepong, 68100, Batu Caves, Selangor
Uptown Residence
No. C-27-07, Level 27, Uptown Residence, Jalan Tampin 1/KU1, Off Jalan Goh Hock Huat, 41200 Klang, Selangor
Landmark Residence 1
No. A-17-08, Block A, Landmark Residence 1, Jalan Landmark Residence, 43000 Kajang, Selangor
Residensi C
No. B3-21-10, Residensi C, Tropicana Gardens, No. 2A, Persiaran Surian, Tropicana Indah, 47810 Petaling Jaya, Selangor
Tropicana Gardens
No. E2-43A-08, Edelweiss Serviced Residences, Tropicana Gardens, No. 2B, Persiaran Surian, Tropicana Indah, 47810 Petaling Jaya, Selangor
Residensi Dedaun Mas
No. B-18-06, Residensi Dedaun Mas (D'Ivo Residences), No. 411, Jalan Klang Lama, 58000 Kuala Lumpur.
280 Park Homes
No. G-2-3, 280 Park Homes, Jalan Prima Utama 3, Taman Puchong Prima, 47150 Puchong, Selangor
Residensi Aradia
No. C-21-07, Residensi Aradia, 102, Jalan Sibu, Taman Wahyu, 68100, Kuala Lumpur
Era Segambut
No. A-11-09, Era Segambut, No. 208, Jalan Segambut, 51200, Kuala Lumpur
Residensi Bayu 1
No. B-05-3A, Residensi Bayu 1, Jalan Bayu Utama, Bukit Ampang Permai, 68000 Ampang, Selangor
Gardenview Residence
No. A-2-2, Block A, Gardenview Residence, Persiaran Ceria, Cyber 12, 63000 Cyberjaya, Selangor
19 Sentral
No. C-40-09, Block C, 19 Sentral (also known as The Hub SS2), Jalan Harapan, Seksyen 19, 46300 Petaling Jaya, Selangor
Casa Indah 2 Condominium
No. A-17-07, Block A, Casa Indah 2 Condominium, No. 2B, Persiaran Surian, Tropicana Resort Homes, PJU 3, Kota Damansara, 47810 Petaling Jaya, Selangor
Residensi Hijauan
No. A2-10-09, Residensi Hijauan, Jalan Budiman 22/3, Seksyen 22 40300 Shah Alam, Selangor
Residensi Stellar 8 Sri Petaling
No. B-10-12, Residensi Stellar 8 Sri Petaling, No. 1, Jalan Naga Emas, Sri Petaling, 57000, Kuala Lumpur
Laman Scenaria Kiara
No. B-13A-3A, Laman Scenaria Kiara, Jalan 6/38A, 51200, Kuala Lumpur
Residensi Holmes 2
No. A-38-02, Residensi Holmes 2, Jalan Budiman, Bandar Tun Razak, 56000 Kuala Lumpur
Residensi 2
No. C-25-03, Residensi 2, Plaza @ Kelana Jaya, No. 9, Jalan SS7/13B, 47301 Petaling Jaya, Selangor
I-City
No. F-36-06, Blok F, No. 3, Persiaran Multimedia, I-City, Seksyen 7, 40000 Shah Alam, Selangor
Residensi Senuri
No. 13A-13A, Residensi Senuri, Jalan Utarid U5/A, Mutiara Subang, Section U5, 40150 Shah Alam, Selangor
Residensi Vista Hijauan
No. B-07-13, Block B, Residensi Vista Hijauan, Jalan Pintar, Taman Universiti, 43000 Kajang, 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.