hello guys...

juz curious..
i juz bought a house..condo to be specific..
i got a bumi discount..which is 5%..
then i ask them (developer) is it my house is a bumi unit coz i take the bumi discount?
they said no..its only a discount n they dont allocate any bumi unit in their condo..
is it possible?
how can i make sure that my unit is a bumi unit or not?
did they state in S&P??how to check?any clause??

thanx in advance everyone..

are you a bumi in the first place? your question is unclear.

yup i'm a bumi..

thats y i got the discount..
my quest is i wanna know a diferent between bumi unit n discount?
is it when we got a bumi discount,automatically our house will be a bumi unit?

when you are entitled to bumi discount, it won't be stated in the S&P as bumi lot

so bumi discount doesnt mean i get a bumi lot?
how to know either my unit is bumi lot or not?
how did it shows in S&P?

which condo and which developer
to be on the safe side
you need to check past record

Depending on state law..in some states, bumi status is indicated in the title.

Ask for a copy of master title...

....look at the 'sekatan' part of the title...usually, there is something to the effect of "sekurang-kurang x% ...lot bumiputra....bila dijual ...kepada pembeli bumiputra tidak di benar di pindah milik kepada pembeli bukan bumiputra tanpa kebenaran kerajaan...'

wow, good info

what about Selangor States or Kuala Lumpur?

Not very certain unless I see a copy of title.

If I am not wrong, bumi status is not endorsed on individual titles (for landed properties) issued in Selangor and FT. Therefore bumi discount is given to a bumi buyer by virtue of his bumi status. In Johor, the bumi endorsement is on the title, thus it become less valuable in the market due to this encumbrance. If a bumi wish to buy a lot that is not marked "bumi" lot, he is not entitled to bumi discount of 15%.

However , due to the wording in master title for properties held under strata title, it appears that if a parcel is sold to a bumi, then that unit becomes a bumi lot and comes with the 'no sale to non bumi without state consent' restrictions.

Thanks for your reply. I recently bought a leasehold property in PJ, selangor with Bumi discount. And i am worry about the subsales to a non bumi when completion. However, I get the Developer confirmation that, bumi lot and bumi quota is 2 different issues, even i get the bumi discount it doesnt mean my unit is a bumi lot, each developer need to meet the quota set by the state government, so whenever the quota is sold they have meet their requirements, and they will not stamp "bumi lot" in the strata titles.

Only when the master title mentioned malay reserved land then i will have problem to sell to a non-bumi. But since it is a strata property, it cannot have some units bumi/some units non bumi in the same piece of land. Correct me if i am wrong.

In Selangor and FT's case, it appears the policy of bumi discount (ranging from 1%-7%) is extended to bumi buyer of housing lots.

In Johor's case, the intention was to encourage ownership of properties by bumiputras,( thus the mandatory 15% discount) and restriction of sale to non bumiputra thereafter.

Since the bumi status are not endorsed on individual landed titles in Selangor/FT, I believe the same would apply for master titles for strata properties. If so, then you need not worry about any subsequent sub-sale to a non - bumi. Take a look at the copy of the master title just to be sure, ya? If there's any restriction, it would be stated on the master title.

Guys,

I saw a condo but realised it was a bumi lot, then again the agent says that the owner can apply for a transfer to non-bumi. What kind of procedure would they undertake for the transfer? Will there be additional cost incurred?

I think it depends on whether the title itself is freehold or leasehold........in normal circumstances, leasehold, u need consents before u can transfer to non bumi. Consents are only given after 5 years normally.

As for freehold, u can transfers easily, no consent required.

Correct. After 5 years, only then you can sell/transfer to Non-bumi.