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.
Tower 2
No. B-20-11, Tower 2 (Block B), 188 Suites, Jalan Cendana, 50250 Kuala Lumpur
Tower 2
No. B-18-11, Tower 2 (Block B), 188 Suites, Jalan Cendana, 50250 Kuala Lumpur
Residensi Agile Delima
No. C-12-01, Residensi Agile Delima, Jalan Delima, Bukit Bintang, 55100 Kuala Lumpur
Tower C
No. C-13-7, Tower C, Pacific Towers, Jalan 13/6, Seksyen 13, 46200 Petaling Jaya, Selangor
15th Floor
No. A-15-06, 15th Floor, Brunsfield Embassyview, 273, Jalan Ampang, 50450 Kuala Lumpur
188 Suites
No. B-20-12, 188 Suites, No. 10, Jalan Cendana, 50250 Kuala Lumpur
Residensi Lavile
No. A2-11-10, Residensi Lavile, No. 5, Lorong Peel, Taman Maluri, 55100 Kuala Lumpur
Residensi Bayan Desa Petaling
No. D-17-10, Block D, Residensi Bayan Desa Petaling, No. 22A, Jalan 2/125, Desa Petaling, 57100 Kuala Lumpur
Residensi Premium 1
No. G-25-08, Residensi Premium 1, KL Gateway, No. 2, Jalan Kerinchi, Gerbang Kerinchi Lestari, 59200 Kuala Lumpur
Armanee Terrace Condominium
No. B-2-C01, Armanee Terrace Condominium, No. 8, Jalan PJU 8/1, Bandar Damansara Perdana, 47820 Petaling Jaya, Selangor
188 Suites
No. B-30-01, 188 Suites, No. 10, Jalan Cendana, 50250 Kuala Lumpur
Windows On The Park
No. B-01-07, Block B, Windows On The Park, Jalan KPB 18, 43200 Cheras, Selangor.
Apartment Servis J Dupion
No. A-26-03, 26th Floor, Apartment Servis J Dupion, Jalan Sembilang, 56000 Kuala Lumpur
Arte Mont Kiara
No. MK3-33A-08, Block MK3, Arte Mont Kiara, No. 15, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur
15th Floor
No. A-15-03, 15th Floor, Brunsfield Embassyview, 273, Jalan Ampang, 50450 Kuala Lumpur
Tower 1
No. 1-15-13, Tower 1, Suite Sentral, No. 248, Jalan Tun Sambanthan, Kuala Lumpur Sentral, 50470 Kuala Lumpur
Dataran Sentral Damansara
No. A-03-06, Block A, Dataran Sentral Damansara (D'Clover Residences), No. 3, Jalan PJU 8/8B, Sentral Damansara, PJU 8, 47820 Petaling Jaya, Selangor
Tower C
No. C-15-03, 15th Floor, Tower C, Residensi Agile Delima Bukit Bintang, No. 3, Jalan Delima, Bukit Bintang, 55100 Kuala Lumpur
Menara Inspirasi
No. A-41-3A, Menara Inspirasi (Expressionz Professional Suites), Jalan 1/65A, Off Jalan Tun Razak, 50400 Kuala Lumpur
Residensi 99
No. B-43-07, Residensi 99, No. 3, Jalan Seri Utara 3, 68100 Kuala Lumpur
Residensi Berlian Setapak
No. 29-03, Residensi Berlian Setapak, No. 8, Jalan Semarak Api 4, Off Jalan Gombak, 53000 Kuala Lumpur
1st Floor
No. C-01-3A, 1st Floor, Brunsfield Embassyview, 273, Jalan Ampang, 50450 Kuala Lumpur
Residensi Era
No. A-51-02, Residensi Era, No. 208, Jalan Segambut, Segambut, 51200 Kuala Lumpur
Residensi Andes Ria
No. B-21-08, Block B, Residensi Andes Ria, No. 2, Jalan Mas 3, Bukit Jalil, 58200 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.