QUOTE(dariofoo @ Jan 25 2011, 11:18 AM)
What do you mean by
blanket approval,bro?
Ok, let's put it into a situational context.
I understand from the fact that if someone, who is a Non-Malay, is buying a house on a Malay Reserve Land(MLR), that person would need approval from the state authority to be able to register his interest in the land, right?
In a different situation...
I would assume that if an empty land, being a MLR, is bought over by a Malay person (Let's call him "
A") there is no problems to register A as the Proprietor of that MLR.
Let's say A is a Developer and has built a condominium on the land. Suddenly, A decides to broaden his market and decides to open the sale of the units to Non-Malays as well.
Since Master title then would need to be submitted for sub-division into individual titles...so, rather than waiting to see how many Non-Malay purchasers are willing to purchase the Condominium, A applies to the State Authority for a blanket consent on all the individual titles.
So, thus, the need for a blanket authority to be able to register a charge (by a Non-Malay Financier) or to register the new Proprietor (a Non-Malay) on all the individual titles...
Am I on the right track on this?