QUOTE(webber @ Aug 4 2011, 10:50 PM)
Hi, I'm buying a condo at Pandan Puteri Condo, Pandan Indah, 55100 Kuala Lumpur from an owner which the title is still under master title. From what I know, the strata title of the property is currently in the process to transfer to the owner.
1) May I know how long it would take normally for the transfer process to be completed? I saw some article on the Internet says that the "Computerization System of Strata Titles" has been implemented and the process will be shorten (but how long is it?). According to the owner, it will take 2 to 3 months. Is he correct?
2) And how long would it take to transfer the title from the owner (after the he got the title from developer) to me after that?
THanks a lot!
1) Hard to tell. Depends highly on the efficiency of the land office in question. I'd give it roughly 2-3 months at the soonest.1) May I know how long it would take normally for the transfer process to be completed? I saw some article on the Internet says that the "Computerization System of Strata Titles" has been implemented and the process will be shorten (but how long is it?). According to the owner, it will take 2 to 3 months. Is he correct?
2) And how long would it take to transfer the title from the owner (after the he got the title from developer) to me after that?
THanks a lot!
2) Can do back to back transfer. Then the only thing left in between is adjudication by LHDN. That won't take long nowadays. Fastest can be roughly 5 working days, and 10 working days latest.
PS: Is it too late for the developer to agree to do direct transfer of title to you? Furthermore, vendor does not have to pay stamp duty. See your luck if developer agrees or not.
Aug 5 2011, 03:38 PM
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