2 possible scenarios that I will give a yes.


Court auction bumi properties

and

Properties release from bumi status

Normally bumi properties started from private auction and only bumiputras / putris are able to bid.

After a few auction, it will move to court auction.
During then anyone can buy.
On the legal document, it's still a bumi lot but a consent is given.

Now, a non-bumi bought it and the price will increase 40% to 50% following non-bumi market rate. If it's sold back to a bumi, it will return back to bumi status.

That would be bumi reserve land.

So far never heard of restriction.
I have encounter 1 bumi land freehold put at court auction.
It's in an area that I don't want, so the deal didn't go through.

This post has been edited by jasonhanjk: Sep 29 2009, 05:45 PM