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buying a bumi unit for (non-bumi)
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gamenoob
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Jun 15 2009, 06:19 PM
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Yuliang
If is Bandar Kinrara (other than Damai Utama), its free hold and on freehold, there usually no such restriction.
Bandar Kinrara is quite a swift developer where upon signing the S&P, the titled would have the buyer name already and each buyer would have a Hakmilik Sementara AK11 form. In this form you can see all the details in terms of any restriction. If its FH, its a free market transaction ie you can buy and sell at will.
Bumi owner does not mean bumi lot. Bumi lot only exist in LH arrangement where the state want to maintain a specific quota of bumi vs non bumi in the community which is why LH tend to be cheaper and less appealing to subsale.
Is this new house or old?
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TSyuliang11
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Jun 15 2009, 07:03 PM
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New Member
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QUOTE(gamenoob @ Jun 15 2009, 06:19 PM) Yuliang If is Bandar Kinrara (other than Damai Utama), its free hold and on freehold, there usually no such restriction. Bandar Kinrara is quite a swift developer where upon signing the S&P, the titled would have the buyer name already and each buyer would have a Hakmilik Sementara AK11 form. In this form you can see all the details in terms of any restriction. If its FH, its a free market transaction ie you can buy and sell at will. Bumi owner does not mean bumi lot. Bumi lot only exist in LH arrangement where the state want to maintain a specific quota of bumi vs non bumi in the community which is why LH tend to be cheaper and less appealing to subsale. Is this new house or old? hi, the house is old. it's bk5. that's what i heard too thanks
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Pai
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Jun 16 2009, 01:01 AM
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QUOTE(yuliang11 @ Jun 15 2009, 07:03 PM) hi, the house is old. it's bk5. that's what i heard too thanks doubt there will be any restrictions. Anyhow no harm in getting you lawyer to do the title search for you just incase. Should not cost more than RM35.
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gamenoob
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Jun 16 2009, 08:09 AM
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Yuliang
Like I said if its BK itself, no such restriction in that area. Have seen and deal with enough agent to see the land title in Bandar Kinrara. There are all free hold.
BK5 is one of the more established neighborhood that allow easy access to OKR, Kesas, LDP, NS HW, and Cyberjaya/Putrajaya. There is no toll to city, cyber, midvalley, PJ. Its a bit underated because PKB (developer) focus less on commercial shop lot and more on residentials. You get a giant though which is very convenient for the BK residents and you drive less than 5mins or radius of 2km for BK5.
If you buying DSL in BK5, you have either 20x70, 22x70, or 22x75. Asking price should be about 300k onward for a good one. Corner prolly cost at least 450k with 40x70 land.
Good place for family because there is 2 chinese primary school, 3 SMK, 1 SRK.
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TSyuliang11
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Jun 16 2009, 08:52 AM
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New Member
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thank you all , that gives the confidence!
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cynthusc
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Jun 16 2009, 11:49 AM
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QUOTE(gamenoob @ Jun 15 2009, 02:34 PM) Wouldn't the title show all those sekatan and limitations? or is there such thing as no title doc at all? Dear Yuliang, The land search can be done at the land office. In your case if the title is HS(D) you do the land search at the Shah Alam Land Office. It costs RM30 to do it. If it is freehold, there is no restriction for you to purchase. The seller probably bought it at a bumiputra discount. Do the land search to confirm. To Gamenoob, Of course there is land "without title". The word is of course used to indicate that the property does not have an individual title. A lot of apartments and condos do not have individual titles and only when the strata title is issued, then the property is considered "with title". A property that is "with title" and "without title" have different legal effects. Regards Cyn
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gamenoob
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Jun 16 2009, 01:50 PM
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QUOTE(cynthusc @ Jun 16 2009, 11:49 AM) To Gamenoob, Of course there is land "without title". The word is of course used to indicate that the property does not have an individual title. A lot of apartments and condos do not have individual titles and only when the strata title is issued, then the property is considered "with title". A property that is "with title" and "without title" have different legal effects. Regards Cyn Wouldn't the title show all those sekatan and limitations? or is there such thing as no title doc at all? Cynthusc My question was asking about the title documentation details, not if there is title or none. Even if the land does not have a title, the documentation that come along on the "without title" (so to speak) still have a documented details that show the status or limitations or sekatan? That why I asked is there such thing as "No Title Doc" at all?
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cynthusc
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Jun 16 2009, 01:55 PM
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QUOTE(gamenoob @ Jun 16 2009, 01:50 PM) Wouldn't the title show all those sekatan and limitations? or is there such thing as no title doc at all? Cynthusc My question was asking about the title documentation details, not if there is title or none. Even if the land does not have a title, the documentation that come along on the "without title" (so to speak) still have a documented details that show the status or limitations or sekatan? That why I asked is there such thing as "No Title Doc" at all? Okay then, so based on your explanation on what you mean by "No Title Doc", IMO only lands which have not been alienated by the government are lands with no title doc. Regards
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gamenoob
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Jun 16 2009, 02:31 PM
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QUOTE(cynthusc @ Jun 16 2009, 01:55 PM) Okay then, so based on your explanation on what you mean by "No Title Doc", IMO only lands which have not been alienated by the government are lands with no title doc. Regards Pretty much so! And in Yuliang queries on BK purchase, that is not the case since its FH properties offered in the market...hence any doc that Yuliang got would have shown it.. actually the seller or the agent would have a copy of the title documentation. Given my experience in BK, there are no such thing as bumi lot or quota or sekatan...
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