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 Akasa
No. A-24-9, Pangsapuri Akasa, Jalan Akasa, Akasa Cheras Selatan, 43300 Seri Kembangan, Selangor
Tower 2
No. T2-13A-3A, Tower 2, Skyvilla, Persiaran Utara, D'Island Residence, 47130 Puchong, Selangor
Sfera Residensi
No. B-35-01, Sfera Residensi, Jalan Atmosphere Utama 1, Bandar Putra Permai, 43300 Seri Kembangan, Selangor
Metro Cheras
No. 35-09, Metro Cheras, Persiaran Metro, 43200 Cheras, Selangor
Metropolitan Square
No. A-05-13, Block A, Metropolitan Square, Jalan PJU 8/1, Bandar Damansara Perdana, 47820 Petaling Jaya, Selangor
Residensi Puri Damai
No. B-33-3A, Block B, Residensi Puri Damai (D’Vervain Residences), Sentral Damansara, Jalan PJU 8/8B, Damansara Perdana, 47820 Petaling Jaya, Selangor
Lakefront Homes @ Cyberjaya
No. T3-18-10, Lakefront Homes @ Cyberjaya, Persiaran Sepang, Cyber 11, 63000 Cyberjaya, Selangor
Lakefront Homes
No. T1-20-19, Lakefront Homes, Persiaran Sepang, Cyber 11, 63000 Cyberjaya, Selangor
Pangsapuri Se Ruang
No. A-07-03, Pangsapuri Se Ruang, Jalan Eco Santuari 8/3, Eco Santuari, 42500 Telok Panglima Garang, Selangor
Tower A
No. A-18-16, Tower A, Amerin Residences, Persiaran Impian Indah, 43300 Seri Kembangan, Selangor
Almera Residensi
No. AR4-16-03, Almera Residensi (Almyra Residence), Laman Puteri 3, Bandar Puteri Bangi, 43000 Kajang, Selangor
Vista Hijauan
No. B-11-1, Block B, Vista Hijauan, Persiaran Sungai Long 2, Bandar Sungai Long, 43000, Kajang, Selangor
Suri Puteri Serviced Apartment
No. B-6-03, Block B, Suri Puteri Serviced Apartment, Jalan Singa F 20/f, Seksyen 20, 40300, Shah Alam, Selangor
Pangsapuri Koi Kinrara
No. B-16-05, Pangsapuri Koi Kinrara, Jalan Pipit, Bukit Tandang, 47190 Puchong Jaya, Selangor
Mutiara Heights
No. 18-10, 18th Floor, Oasis 2, Jalan Mutiara 3, Mutiara Heights, 43000 Kajang, Selangor
Aspire Residence
No. 2-21-09, Block 2, Aspire Residence, Jalan Aspire 1, Cyber 10, 63000 Cyberjaya, Selangor
Residensi Alami
No. 2-14-10, Block 2, Residensi Alami, Jalan Tinju 13/50, Seksyen 13, 40100 Shah Alam, Selangor
Pangsapuri Kasuarina
No. B-3A-05, Pangsapuri Kasuarina, Persiaran Kasuarina/KS6, Bandar BotaniK, 41200, Klang, Selangor
Park Apartment
No. D-06-07, Park Apartment, One South, Taman Serdang Perdana, Seksyen 6, 43300 Seri Kembangan, Selangor
Mutiara Heights
No. 12-03, Oasis 2, Jalan Mutiara 3, Mutiara Heights, 43000 Kajang, Selangor
Verdi Residence
No. 02-31-2A, Block 2, Verdi Residence, Symphony Hills, Persiaran Bestari, Cyber 9, 63000 Cyberjaya, Selangor
Menara Sri Damansara
No. B-10-5,10th Floor, Blok B, Menara Sri Damansara, Jalan Magosa SD 10/1E, 52200, Bandar Sri Damansara,Petaling Jaya, Selangor
Gravit8
No. A2-16-08, Gravit8, Jalan Bayu Laut/KS9, Kota Bayuemas, 41200 Klang, Selangor
Menara Solstice 2
No. ST2-08-01, Menara Solstice 2, Solstice, Persiaran Bestari, Cyber 11, 63000 Cyberjaya, 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.