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.
GCB Court
No. 332B-13J, GCB Court, Jalan Ampang, 50450 kuala Lumpur
Residensi Suasana @ Damai
No. A-13-12, Block A, Residensi Suasana @ Damai, No. 6, Jalan PJU 10/1, Damansara Damai, 47830 Petaling Jaya, Selangor
I-City
No. F-24-11, Block F, No. 3, Persiaran Multimedia, I-City, Seksyen 7, 40000 Shah Alam, Selangor
Verdi Residence
No. 2-43-10, Block 2, Verdi Residence, Symphony Hills, Persiaran Bestari, Cyber 9, 63000 Cyberjaya, Selangor
I-City
No. F-47-12, Blok F, No. 3, Persiaran Multimedia, I-City, Seksyen 7, 40000 Shah Alam, Selangor
I-Residen
No. W-3A-3A, I-Residen, Persiaran Surian, Seksyen 4, Kota Damansara, 47810 Petaling Jaya, Selangor
Sfera Residensi
No. B-20-08, Sfera Residensi, Jalan Atmosphere Utama 1, Bandar Putra Permai, 43300 Seri Kembangan, Selangor
I-Soho
No. A1-35-08, I-Soho, I-City, Persiaran Multimedia, Seksyen 7,40000 Shah Alam, Selangor
Residensi M Astra
No. A-23A-12, Residensi M Astra, No. 1, Jalan Usahawan 6, Setapak, 53200 Kuala Lumpur
Residensi Convena
No. L27-02, 27Th Floor, Residensi Convena (Jrk Convena), Jalan 9/155, 58200 Kuala Lumpur
Pandan Puteri
No. R2-2-4, Pandan Puteri, Jalan Pandan Indah 6/10, Pandan Indah, 55100, Kuala Lumpur
Tower A
No. A-40-11, Tower A, Residensi Skysierra, No. 12, Jalan Taman Setiawangsa, Taman Setiawangsa, 54200 Kuala Lumpur
Cova Suite
No. A-20-03, Cova Suite, Jalan Teknologi, Pju 5, Kota Damansara, 47810, Petaling Jaya, Selangor
Residensi Topaz
No. A-34-06, Residensi Topaz, Jalan Mutiara 2, Mutiara Heights, 43000 Kajang, Selangor
Tower B
No. B-09-05, Tower B, Apartment Servis J Dupion, Jalan Sembilang, 56000 Kuala Lumpur
Lido Residency
No. A-27-3A, Block A, Lido Residency, No. 3, Jalan Yaacob Latiff, Bandar Tun Razak, 56000 Kuala Lumpur.
Residensi M Arisa Pelangi
No. B-27-10, Block B, Residensi M Arisa Pelangi, No. 6, Jalan Sentul Pelangi, Sentul Pasar, 51000 Kuala Lumpur
Residensi Perdana
No. C-10-2, 10th Floor, Block C, Residensi Perdana, No. 1, Jalan Metro Perdana Barat, 52100 Kepong, Kuala Lumpur
Arte + @ Jalan Ampang
No. T1-05-09, Arte + @ Jalan Ampang, No. 3, Lorong Ampang 1, 55000 Kuala Lumpur
Pusat Perdagangan Icon City
No. 13A-06, Pusat Perdagangan Icon City, No. 1B, Jalan SS 8/39, 47300 Petaling Jaya, Selangor
Menara A
No. A-38-06, Menara A, Datum Jelatek, 54200 Kuala Lumpur
Residensi Rumbia Permaisuri
No. B-32-03, Residensi Rumbia Permaisuri, No. 73, Jalan Jelawat, Bandar Sri Permaisuri, 56000 Kuala Lumpur
Waldort Tower
No. A-25-09, Waldort Tower, No. 62, Jalan Sri Hartamas 1, Sri Hartamas, 50480 Kuala Lumpur
Pangsapuri Tropicana Aman 1
No. B-08-05, Block B, Pangsapuri Tropicana Aman 1, Jalan Aman Simfoni 1, Bandar Tropicana Aman, 42500 Telok Panglima Garang, 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 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.