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.
Pangsapuri V-Residensi
No. A-8-5, Block A, Pangsapuri V-Residensi, Persiaran Selayang Heights, 68100 Batu Caves, Selangor
Huni Residence
No. B-G-3, Huni Residence, No. 8, Persiaran Setia Damai, Eco Ardence, Seksyen U13, 40170 Shah Alam, Selangor
Residensi Lili
No. A-01-01, Block A, Residensi Lili, Persiaran Perdana, Taman Bucida Hijauan, Putra Nilai, 71800 Nilai, Negeri Sembilan
Residensi 1 Utara
No. B-27-03A, 27th Floor, Block B, Residensi 1 Utara, No. 42, Jalan 1/2B, Off Jalan Ipoh, Selayang, 68100 Kuala Lumpur
Verdi Residence
No. 02-20-09, Block 2, Verdi Residence, Symphony Hills, Cyber 9, 63000 Cyberjaya, Selangor
Residensi M Luna
No. A-11-07, Residensi M Luna, No 888, Jalan Lingkaran Tengah 2 (MRR2), 52100 Kepong, Kuala Lumpur
Tower B
No. B-30-12, Tower B, Emporis, Persiaran Surian, Kota Damansara, 47810 Petaling Jaya, Selangor
The Clio 2 Residence
No. TCB-19-05, Block B, The Clio 2 Residence, Ioi Resort City, 62502, Putrajaya, Selangor
Residensi Idaman Awan
No. 20-08, Residensi Idaman Awan (The Arcuz), Jalan PJU 1A/4F, 47301 Petaling Jaya, Selangor
Plaza KLTS
No. D-32-13A, Plaza KLTS, Jalan Gombak, Setapak, 53300 Kuala Lumpur
Casa Ria Apartment
No. 261-17-6, Casa Ria Apartment, Jalan Jejaka, Taman Maluri, 55100, Kuala Lumpur
Residensi Idaman Aman
No. 16-08, Residensi Idaman Aman (The Arcuz), Jalan PJU 1A/4F, 47301 Petaling Jaya, Selangor
Residensi 216 Kuchai Jaya
No. 26-10, Residensi 216 Kuchai Jaya, Jalan Kuchai Jaya 10, Taman Kuchai Jaya, 582000 Kuala Lumpur
Tower B
No. B-43-01, Tower B, (PPAM) Mercu Jalil, Jalan Jalil Impian 1, Bukit Jalil, 57000 Kuala Lumpur
Puncak Sentul
No. A-22-13A, Puncak Sentul, No. 8, Jalan Sentul Perdana, 51000 Kuala Lumpur
JomBid - Arte Plus @ Jalan Ampang
JomBid - Arte Plus @ Jalan Ampang, Jalan Bemban, Off Jalan Ampang, 55000 , Kuala Lumpur
Astoria Ampang
No. B-05-08, Blok B, Astoria Ampang (Residensi Xtreme Meridian), Jalan Bemban, Off Jalan Ampang, 55000 Kuala Lumpur
Ampang Tiga
No. A-38-17, Ampang Tiga, No. 6, Jalan Nipah, Ampang, 55000 Kuala Lumpur
Oakwood Park
No. B-10-4, Block B, Oakwood Park, Sri Putramas Condominium, Jalan Putramas 1, Off Jalan Kuching, 51200 Kuala Lumpur
Menara 2 Seri Melawati
No. M2-33A-6, Menara 2 Seri Melawati, Taman Melawati, 53100 Kuala Lumpur
Fortune Avenue
No. C-7-8, Fortune Avenue (Blk C), Jalan Metro Perdana 2, Taman Usahawan Kepong, Off Jalan Kepong, 52100 Kuala Lumpur
Ampang Putra Residensi
No. B-20-02, Block B, Ampang Putra Residensi, Taman Putra Sulaiman, 68000 Ampang, Selangor
Residensi Arun Kepong
No. B-28-08, Residensi Arun Kepong, No. 187, Pintasan Segambut, 52000 Kuala Lumpur
Cormar Suites
No. B-26-10, Cormar Suites (formerly known as Fraser Place), Lot No. 163, No. 10, Jalan Perak, 50250 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.