Hi Dario,

I wanted to buy a condo from my relative but problem is she is not in Malaysia, migrated to U.K. Is that possible the S&P agreement can be sent over there for signing?
Any issue here?

Thanks

Hi Dario,

Thanks for the input. How long does it take for the whole process?
I'll seek a lawyer this coming week. Do you think they will charge extra for this?

Hi Dario,

I have a question here. I want to buy a 12 yrs subsale condo and the strata title have came out 10 yrs ago.
This condo owner has not yet to transfer the title to his name which now its still master title.
Can I like do a direct transfer to my name? and I heard there is penalty charges for certain period for not trasnferring the title.
Do I have to bear those penalties?

Please advise. Thanks

Hi dario,

One question please regarding property title.
Let say if strata title is out already for few years but the vendor did not transfer to his name.

When the time I want to purchase the house, how do I go about it?
Can the title be transferred to me directly or must be to the owner first then only me.

This post has been edited by Ash1988: May 19 2011, 11:32 PM

Real sorry about that.

Apart from that please have at look at the quotation quoted on me for a 225k freehold condo. Thanks

Legal Fees:

Sale and Purchase Agreement - RM2,025.00
Entry & Withdrawal of Caveat - RM350.00
Submission of RPGT Return - RM200.00
Total - RM2,575.00
GST 6% - RM 154.50
Total - RM2,729.50


Disbursement:

1. Stamping Fees - Stamping Sale and Purchase Agreement - RM40.00
- Stamp Duty - RM1,750.00 (after 50% Discount)
2. Registration Fees - Transfer - RM100.00
- Entry & Withdrawal of Caveat - RM380.00
3. Affirmation Fees - Statutory Declaration - RM40.00
4. Land Title Search - RM90.00
5. Bankruptcy & Company Search - RM60.00
6. Transport & Courier Charges - RM150.00
7. Telephone & Fax Charges - RM95.00
8. Postage and Printing - RM95.00
9. Misc - RM50.00
Total - RM 2,850.00

Big total - RM 5,579.50

Hi Dario,

Need your advise here. This condo has strata released to individual but however the strata now is under Public Bank due to the owner refinance the condo last time. I wanted to buy this condo now but they haven't done any discharge since 4 years ago..
Does this mean they still owe money to the bank?
According to owner they had fully settled the loan with bank..
How come the title still under the bank?

Any problem in getting this condo in future?

Thanks man!

Thanks dario, glad to hear that

Hi dario,

Am I still entitled for a 50% stamp duty if the condo I bought is under me and gf's name. Myself is first property but my gf is not.
Please advice. Thanks.