128 Rumah Lelong Land · Bank Auction Properties
Kuala Lumpur and Selangor's dynamic property market includes a large inventory of land and plots available through bank auction, also known as lelong. Auction houses list these opportunities at reserve prices that are frequently 10-40% below market value, and properties that have been through multiple auctions can be even more affordable, offering a genuine bargain for savvy buyers. This makes bank auctions a smart choice for investors, developers, and first-time home buyers seeking below-market deals for building their dream home or investing in development. The selection ranges from residential plots to commercial land, catering to various needs. The auction process is straightforward: register, pay the required 10% deposit, and bid on auction day. For auction dates, reserve prices, and step-by-step guidance on the bidding process, contact Peter Tan.
Jalan Palma Jaya 9
Lot 23790, Jalan Palma Jaya 9, Taman Palma Jaya, 70400 Seremban, Negeri Sembilan
Jalan Menara 1
No. 19, Jalan Menara 1, Taman D'Menara, Bukit Changgang, 42700 Banting, Selangor
Jalan Menara 1
No. 21, Jalan Menara 1, Taman D'Menara, Bukit Changgang, 42700 Banting, Selangor
Jalan Menara 1
No. 25, Jalan Menara 1, Taman D'Menara, Bukit Changgang, 42700 Banting, Selangor
Jalan Menara 1
No. 29, Jalan Menara 1, Taman D'Menara, Bukit Changgang, 42700 Banting, Selangor
Bandar Ulu Yam
PT 286, H.S. (D) 16480, Bandar Ulu Yam, 44300, District of Ulu Selangor, Selangor
Jalan Kampung Parit/Ranjau Hantu
Lot 2245, Off Jalan Kampung Parit/Ranjau Hantu, Kg Parit Mainau, Kuala Pilah, Negeri Sembilan
Taman D'Ambang Kota
Plot Pemaju No. RK1-35, Taman D'Ambang Kota, Port Dickson, Negeri Sembilan
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 · Land
How many auction properties are there in Malaysia?+
There are currently 128 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.