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 Master/strata/individual

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dariofoo
post Oct 19 2010, 03:32 PM

In the kingdom of the blind, the one-eyed man is king
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Elite
2,795 posts

Joined: Aug 2010
From: District 9


QUOTE(pinkdevil88 @ Oct 17 2010, 08:49 AM)
can anyone please enlighten me what is the difference between Master/strata/individual title?? How will it affect the property price??
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Master title - it can be either be for a cluster of houses (eg Taman Halaman, Ampang) or for a block of condo (eg Pangsapuri Beringin, Gombak). In any new development project, the whole lot would normally be in one (or more) master title(s). It is the duty of the developer to apply for individual title for each lot/unit in favour of the respective purchaser.

Strata title - the individual title for a parcel (ie a unit) in an apartment, flat, condo, etc.

Individual title - the separate title issued following subdivision of a piece of land.

Hope that helps. Cheers

This post has been edited by dariofoo: Oct 19 2010, 03:33 PM

 

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