Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 WTA : buying bumi lot

views
     
TSiamshf
post Apr 27 2010, 04:16 PM, updated 16y ago

Enthusiast
*****
Senior Member
845 posts

Joined: Apr 2010
From: Sri Petaling


is that possible non bumi to buy a bumi lot ??

i want to buy a 2nd hand double storey link house
this unit is completed with CF about 2 yrs
owner of this unit is malay ..


i check with the developer office, they say this unit is bumi lot & already get the blanket Consent approval from land office.

i was told by the developer office that this title still under developer name, if we want to buy can direct transfer to my name but either the owner or i hv to top up 7% of purchase price & they will try to appeal to land office to transfer to my name(non-bumi)


bbjslee
post Apr 27 2010, 06:18 PM

Benkyo benkyo benkyo
*******
Senior Member
2,247 posts

Joined: Jan 2003
From: Kuala Lumpur


Most of the time, approval will not be granted.
And will drag for years.
Pai
post Apr 27 2010, 08:42 PM

~ Billionaire in training ~
*******
Senior Member
3,318 posts

Joined: Dec 2004
From: 1Malaysia



QUOTE(iamshf @ Apr 27 2010, 04:16 PM)
is that possible non bumi to buy a bumi lot ??

i want to buy a 2nd hand double storey link house
this unit is completed with CF about 2 yrs
owner of this unit is malay ..
i check with the developer office, they say this unit is bumi lot & already get the blanket Consent approval from land office.

i was told by the developer office that this title still under developer name, if we want to buy can direct transfer to my name but either the owner or i hv to top up 7% of purchase price & they will try to appeal to land office to transfer to my name(non-bumi)
*
They can only try n the 7% top up most likely will be used to grease an official..... smile.gif
cheahcw2003
post Apr 27 2010, 09:57 PM

Look at all my stars!!
*******
Senior Member
5,379 posts

Joined: Jul 2009


QUOTE(iamshf @ Apr 27 2010, 04:16 PM)
is that possible non bumi to buy a bumi lot ??

i want to buy a 2nd hand double storey link house
this unit is completed with CF about 2 yrs
owner of this unit is malay ..
i check with the developer office, they say this unit is bumi lot & already get the blanket Consent approval from land office.

i was told by the developer office that this title still under developer name, if we want to buy can direct transfer to my name but either the owner or i hv to top up 7% of purchase price & they will try to appeal to land office to transfer to my name(non-bumi)
*
try to avoid buying, very troublesome, unless u want to stay in the hse until u die
mo66
post Apr 28 2010, 04:08 PM

New Member
*
Junior Member
20 posts

Joined: Mar 2008
How about freehold bumi lot? I asked land off, they said there is no such thing as bumilot for freehold. If it is a bumilot normally it only discount price for bumi and can resell it to anybody. But anyway I am going to land off tomorrow to ask it again...will up date here...thanks
cheahcw2003
post Apr 29 2010, 12:20 PM

Look at all my stars!!
*******
Senior Member
5,379 posts

Joined: Jul 2009


QUOTE(mo66 @ Apr 28 2010, 04:08 PM)
How about freehold bumi lot? I asked land off, they said there is no such thing as bumilot for freehold. If it is a bumilot normally it only discount price for bumi and can resell it to anybody. But anyway I am going to land off tomorrow to ask it again...will up date here...thanks
*
you need to distinguse the bumi lot and bumi quota. for all development, usually a number of units need to be allocated for bumi buyers, the % could be ranged from 30%-50%. This is call BUMI QUOTA.

For LH property, it is the lease land that developer "lease" from the state government to build houses, so the actual owner of the land belongs to the government, so when it comes to the bumi quota, once a bumi buy the unit under LH, the land office will be stamp the land title as "bumi lot", so if any transfer of names/ sales, need to get the land owner's consent which is the land office. On normal circumstances, transfer of name from a bumi to non bumi is not allowed, except for the following reasons:-
a) the bumi owner of the prop go bankrupt, the bank/court need to force sell the prop for cash to settle debt, then the court may order to sell to anyone.
b) the bumi owner of the land migrates and need to sell in a hurry
c) the said development already have adequate bumi owners then land office may use their descretion to approve the sales to non bumi.

For the case of FH property, the developer sell the property + land to the house buyer, so the house buyer own the land + house. So even u r a bumi purchaser, since u r the land owner, u can sell to bumi/non bumi, since u r the owner of the land, and land office consent is not required.

When the developer sell the 30% of allocation to bumi, then the quota is considered fulfilled and they will not care on the subsales from bumi to non bumi or vice versa.
tpleong
post May 6 2010, 04:07 PM

Enthusiast
*****
Senior Member
803 posts

Joined: Jul 2007
From: Kuala Lumpur


QUOTE(cheahcw2003 @ Apr 29 2010, 12:20 PM)
you need to distinguse the bumi lot and bumi quota. for all development, usually a number of units need to be allocated for bumi buyers, the % could be ranged from 30%-50%. This is call BUMI QUOTA.

For LH property, it is the lease land that developer "lease" from the state government to build houses, so the actual owner of the land belongs to the government, so when it comes to the bumi quota, once a bumi buy the unit under LH, the land office will be stamp the land title as "bumi lot", so if any transfer of names/ sales, need to get the land owner's consent which is the land office. On normal circumstances, transfer of name from a bumi to non bumi is not allowed, except for the following reasons:-
a) the bumi owner of the prop go bankrupt, the bank/court need to force sell the prop for cash to settle debt, then the court may order to sell to anyone.
b) the bumi owner of the land migrates and need to sell in a hurry
c) the said development already have adequate bumi owners then land office may use their descretion to approve the sales to non bumi.

For the case of FH property, the developer sell the property + land to the house buyer, so the house buyer own the land + house. So even u r a bumi purchaser, since u r the land owner, u can sell to bumi/non bumi, since u r the owner of the land, and land office consent is not required.

When the developer sell the 30% of allocation to bumi, then the quota is considered fulfilled and they will not care on the subsales from bumi to non bumi or vice versa.
*
By far the best explanation given .......thanks smile.gif
Wingz33
post May 6 2010, 06:37 PM

Getting Started
**
Junior Member
157 posts

Joined: Jun 2009
QUOTE(cheahcw2003 @ Apr 29 2010, 12:20 PM)
you need to distinguse the bumi lot and bumi quota. for all development, usually a number of units need to be allocated for bumi buyers, the % could be ranged from 30%-50%. This is call BUMI QUOTA.

For LH property, it is the lease land that developer "lease" from the state government to build houses, so the actual owner of the land belongs to the government, so when it comes to the bumi quota, once a bumi buy the unit under LH, the land office will be stamp the land title as "bumi lot", so if any transfer of names/ sales, need to get the land owner's consent which is the land office. On normal circumstances, transfer of name from a bumi to non bumi is not allowed, except for the following reasons:-
a) the bumi owner of the prop go bankrupt, the bank/court need to force sell the prop for cash to settle debt, then the court may order to sell to anyone.
b) the bumi owner of the land migrates and need to sell in a hurry
c) the said development already have adequate bumi owners then land office may use their descretion to approve the sales to non bumi.

For the case of FH property, the developer sell the property + land to the house buyer, so the house buyer own the land + house. So even u r a bumi purchaser, since u r the land owner, u can sell to bumi/non bumi, since u r the owner of the land, and land office consent is not required.

When the developer sell the 30% of allocation to bumi, then the quota is considered fulfilled and they will not care on the subsales from bumi to non bumi or vice versa.
*
Definitely a right thing. I do agree that the process actually takes long time and troublesome too. If you have enough or extra time to hands on. I may ask you to go for it if you like the property or landed much otherwise you will need someone who specialist in this field to run it for you !!! No one knows the result is approve or fail. But everything is according to the rules and conditions. Everything sure be fine . Check with lawyer biggrin.gif
vyro12
post May 8 2010, 07:53 PM

New Member
*
Junior Member
7 posts

Joined: Jan 2010


hi hope the sifu's here can advise. i'm currently eligible to purchase under bumi discount. property nearly completed. developer had appointed an agent co. to sell off their property. the agent told me that there will be a clause i.e. stating the its a bumi lot. in my land title when transferred from master to my name.

but based on what i've read online etc i've come to understand that if

a: its a freehold property and no specific allocations is given for bumi but merely a percentage i.e. 30% allocated for discount then there's no problem selling the property later on

b: unless its a bumi reserved lot / malay reserved land as stated in the enactment of malay reserved land then only if i sell later on must be to a bumi buyer.

do correct me if i'm wrong. making a decision next week whether i should purchase under bumi discount or not. hope i can get some clarity on this. thanks yeah smile.gif
psychopersonified
post Nov 21 2010, 10:39 AM

New Member
*
Junior Member
18 posts

Joined: Jun 2008


QUOTE(cheahcw2003 @ Apr 29 2010, 12:20 PM)
you need to distinguse the bumi lot and bumi quota. for all development, usually a number of units need to be allocated for bumi buyers, the % could be ranged from 30%-50%. This is call BUMI QUOTA.

For LH property, it is the lease land that developer "lease" from the state government to build houses, so the actual owner of the land belongs to the government, so when it comes to the bumi quota, once a bumi buy the unit under LH, the land office will be stamp the land title as "bumi lot", so if any transfer of names/ sales, need to get the land owner's consent which is the land office. On normal circumstances, transfer of name from a bumi to non bumi is not allowed, except for the following reasons:-
a) the bumi owner of the prop go bankrupt, the bank/court need to force sell the prop for cash to settle debt, then the court may order to sell to anyone.
b) the bumi owner of the land migrates and need to sell in a hurry
c) the said development already have adequate bumi owners then land office may use their descretion to approve the sales to non bumi.

For the case of FH property, the developer sell the property + land to the house buyer, so the house buyer own the land + house. So even u r a bumi purchaser, since u r the land owner, u can sell to bumi/non bumi, since u r the owner of the land, and land office consent is not required.

When the developer sell the 30% of allocation to bumi, then the quota is considered fulfilled and they will not care on the subsales from bumi to non bumi or vice versa.
*
Excellent explanation. I was scouring the internet for a 'proper' explanation, until I found your reply. Thanks!
Adrian1981
post Nov 22 2010, 10:00 AM

Getting Started
**
Junior Member
255 posts

Joined: Jul 2010


QUOTE(cheahcw2003 @ Apr 29 2010, 12:20 PM)
you need to distinguse the bumi lot and bumi quota. for all development, usually a number of units need to be allocated for bumi buyers, the % could be ranged from 30%-50%. This is call BUMI QUOTA.

For LH property, it is the lease land that developer "lease" from the state government to build houses, so the actual owner of the land belongs to the government, so when it comes to the bumi quota, once a bumi buy the unit under LH, the land office will be stamp the land title as "bumi lot", so if any transfer of names/ sales, need to get the land owner's consent which is the land office. On normal circumstances, transfer of name from a bumi to non bumi is not allowed, except for the following reasons:-
a) the bumi owner of the prop go bankrupt, the bank/court need to force sell the prop for cash to settle debt, then the court may order to sell to anyone.
b) the bumi owner of the land migrates and need to sell in a hurry
c) the said development already have adequate bumi owners then land office may use their descretion to approve the sales to non bumi.

For the case of FH property, the developer sell the property + land to the house buyer, so the house buyer own the land + house. So even u r a bumi purchaser, since u r the land owner, u can sell to bumi/non bumi, since u r the owner of the land, and land office consent is not required.

When the developer sell the 30% of allocation to bumi, then the quota is considered fulfilled and they will not care on the subsales from bumi to non bumi or vice versa.
*
That's what i heard .. but somehow my case has been pending for a while .. and it's a Freehold unit sad.gif((((
qooconcept
post Nov 22 2010, 10:51 AM

Getting Started
**
Junior Member
84 posts

Joined: Sep 2004
From: KL/Ipoh


I was told by property agent that some lawyers are "faster" than the others.
Adrian1981
post Nov 22 2010, 11:04 AM

Getting Started
**
Junior Member
255 posts

Joined: Jul 2010


but as far as i know it has nothing to do with the lawyer .. it's between vendor and developer !!!
qooconcept
post Nov 22 2010, 11:15 AM

Getting Started
**
Junior Member
84 posts

Joined: Sep 2004
From: KL/Ipoh


The agent was trying to say that some lawyers (who are handling the S&P) may have better "connection" in getting it done.
shereinrlui
post Dec 15 2010, 11:54 PM

New Member
*
Newbie
1 posts

Joined: Dec 2010


I've got a similar problem.
Bought a unit in 2006 with 6% bumi discount. The house is under my husband (who's a Chinese) and my name (I'm a Malay). Recently, after getting the keys, we decided to sell it off. Agent managed to get a buyer and everything was going according to plan.
Today, our lawyer handling our case called us and said the developer had issues with us selling off the unit as it was a Bumi unit and said it couldnt be sold off to our buyer who was a Chinese.

Firstly; I had no idead the unit we had bought was a Bumi unit. We were never informed or adviced that the unit we took was a bumi lot. When I contacted the developer, they said they did not have it in black and white either

2. I said the house and loan was also under my husband's name (again, he's Chinese). Guess what she replied; if it's under husband and wife, normally they will follow the wife's race (me = Malay) because in your case, your husband is Chiinese and when Chinese marry a Malay, they have to convert - she had the nerve dragging religion into the issue. I asked if this was about the lot being a Bumi lot or an Islam lot. Very angry, i cannot describe

3. My lawyer adviced as per what one of the respondents mentioned, that for freehold units, you ARE allowed to sell off either to a Bumi or a non-Bumi and this should not be a problem at all!

4. Developer also owed all purchasers late delivery payment. We were however told that we would only be getting 70% of the total sum (VIOLATED s&p!) as quote: "That's all the budget we have to compensate purchasers" un quote. We were made to sign a form acknowledging the 70% late delivery payment.

As you can see, I'm not very pleased with the developers arrangement. I would REALLY appreciate any advice that you all can offer. Thank you!
raylckw
post Oct 23 2011, 11:07 AM

New Member
*
Junior Member
5 posts

Joined: Oct 2011


QUOTE(cheahcw2003 @ Apr 29 2010, 12:20 PM)
you need to distinguse the bumi lot and bumi quota. for all development, usually a number of units need to be allocated for bumi buyers, the % could be ranged from 30%-50%. This is call BUMI QUOTA.

For LH property, it is the lease land that developer "lease" from the state government to build houses, so the actual owner of the land belongs to the government, so when it comes to the bumi quota, once a bumi buy the unit under LH, the land office will be stamp the land title as "bumi lot", so if any transfer of names/ sales, need to get the land owner's consent which is the land office. On normal circumstances, transfer of name from a bumi to non bumi is not allowed, except for the following reasons:-
a) the bumi owner of the prop go bankrupt, the bank/court need to force sell the prop for cash to settle debt, then the court may order to sell to anyone.
b) the bumi owner of the land migrates and need to sell in a hurry
c) the said development already have adequate bumi owners then land office may use their descretion to approve the sales to non bumi.

For the case of FH property, the developer sell the property + land to the house buyer, so the house buyer own the land + house. So even u r a bumi purchaser, since u r the land owner, u can sell to bumi/non bumi, since u r the owner of the land, and land office consent is not required.

When the developer sell the 30% of allocation to bumi, then the quota is considered fulfilled and they will not care on the subsales from bumi to non bumi or vice versa.
*
<When the developer sell the 30% of allocation to bumi, then the quota is considered fulfilled and they will not care on the subsales from bumi to non bumi or vice versa>

This is for L/H or F/H.?I'm keen with the sub-sale part =)
lucerne
post Oct 23 2011, 12:02 PM

Regular
******
Senior Member
1,946 posts

Joined: Aug 2009


QUOTE(cheahcw2003 @ Apr 29 2010, 12:20 PM)
When the developer sell the 30% of allocation to bumi, then the quota is considered fulfilled and they will not care on the subsales from bumi to non bumi or vice versa.
*
i dun think so. if yes, the developer can always use malay name or companies to buy over all the bumi units (at lower price) and then resell to non bumi..
(at higher prices)

for me, i dun want to risk myself at bumi units. very complicated process (time and $) and very pening.
ckmcsk
post Oct 23 2011, 02:27 PM

Getting Started
**
Junior Member
62 posts

Joined: Jul 2006
From: Ipoh



Why the hassle....
ellyaz_84
post Feb 28 2012, 01:02 PM

New Member
*
Junior Member
7 posts

Joined: Oct 2010
Hi, i got a question. if let say (Chinese) want to combine name with his friend (Malay) to buy a house, do you think they still can get bumi price?
takashinzy
post Dec 17 2012, 12:52 PM

New Member
*
Junior Member
7 posts

Joined: Oct 2011
hi ,
may i know if i buy a 'bumi lot' freehold project by Sp Setia in Johor ( i don't know whether it is by the bumi quota or bumi lot definition), but the sales told me it has been released after Developer got the approval and so they can sell to me (non-bumi). So does it mean it is a bumi quota ?

my question is: will i have problem to resell this unit to foreigner in the secondary market or i can only sell it back to bumi only? or to malaysian only? and if can, any extra process /approval needed?

thanks



QUOTE(cheahcw2003 @ Apr 29 2010, 12:20 PM)
you need to distinguse the bumi lot and bumi quota. for all development, usually a number of units need to be allocated for bumi buyers, the % could be ranged from 30%-50%. This is call BUMI QUOTA.

For LH property, it is the lease land that developer "lease" from the state government to build houses, so the actual owner of the land belongs to the government, so when it comes to the bumi quota, once a bumi buy the unit under LH, the land office will be stamp the land title as "bumi lot", so if any transfer of names/ sales, need to get the land owner's consent which is the land office. On normal circumstances, transfer of name from a bumi to non bumi is not allowed, except for the following reasons:-
a) the bumi owner of the prop go bankrupt, the bank/court need to force sell the prop for cash to settle debt, then the court may order to sell to anyone.
b) the bumi owner of the land migrates and need to sell in a hurry
c) the said development already have adequate bumi owners then land office may use their descretion to approve the sales to non bumi.

For the case of FH property, the developer sell the property + land to the house buyer, so the house buyer own the land + house. So even u r a bumi purchaser, since u r the land owner, u can sell to bumi/non bumi, since u r the owner of the land, and land office consent is not required.

When the developer sell the 30% of allocation to bumi, then the quota is considered fulfilled and they will not care on the subsales from bumi to non bumi or vice versa.
*

2 Pages  1 2 >Top
 

Change to:
| Lo-Fi Version
0.0235sec    0.81    5 queries    GZIP Disabled
Time is now: 18th December 2025 - 05:04 AM