How much actually the double transfer process?

This seems like a convenient place for me to commute to work eventho the traffic there is bad.

No, property like most other investments, are not zero sum game, the money pool will shrink if market price drop.
Vendor's loss might be buyer's loss too.

As one as loser in mah siao properties, I've "advised" most owners to dump these properties since 2015 (look at my thread), and all I got was harsh reply from kiasu and kiasi owners who defending their investments like h-e-ll.

MS is the worst top 10 developers. Now they're going for glove-making, lol.

They're not serious in building homes, just a crook who wants to squeeze $$$ out from every possible ways.

MS started out as a plastic trading company in the 60s, the saw the property boom and jumped on the bandwagon in the 90s and they emphasized all resources in properties since 2000s, now they realized it's a gloom in property but money in whatever areas fighting against covid-19, they again jumped on it.

MOT for first transfer is based on the original S&P price.
For example if the original S&P is priced at 1M, MOT is RM24k.
Not including legal fees charges yet.

Then only proceed with the normal second transfer based on the auction winning price.

Hi askarperang!

May I know how do we identify what kind of units are double transfer units?

For subsale is it the agents/seller duty to let buyers know?

For auction would it be shown during the event? Or would the agent / banks let buyers know before attending the auction?

Thanks and have a wonderful week ahead

No, property like most other investments, are not zero sum game, the money pool will shrink if market price drop.
Vendor's loss might be buyer's loss too.

As one as loser in mah siao properties, I've "advised" most owners to dump these properties since 2015 (look at my thread), and all I got was harsh reply from kiasu and kiasi owners who defending their investments like h-e-ll.

MS is the worst top 10 developers. Now they're going for glove-making, lol.

They're not serious in building homes, just a crook who wants to squeeze $$$ out from every possible ways.

MS started out as a plastic trading company in the 60s, the saw the property boom and jumped on the bandwagon in the 90s and they emphasized all resources in properties since 2000s, now they realized it's a gloom in property but money in whatever areas fighting against covid-19, they again jumped on it.

May I know how do we identify what kind of units are double transfer units?
All properties where the developer already issued out the individual / strata title.
For subsale is it the agents/seller duty to let buyers know?
Yes, for subsale it is the responsible of the seller to settle this before selling.
For auction would it be shown during the event? Or would the agent / banks let buyers know before attending the auction?
Bank will not check for you. Sometimes will be stated in the POS. But majority cases, the POS is not updated. Sometimes even stated still under master title.

Another lelong unit sold today.
Single bidder won unchallenged at 500k.
850sqft unit.
Good catch? Plus need double transfer.

just now got one unit duplex 1041sqft auctioned at 496k. cheaper than few months ago.

yet to consider outstanding maintenance fees and etc if any...

just now got one unit duplex 1041sqft auctioned at 496k. cheaper than few months ago.

Sold at 496K. Bid up from 446K.
50K increment.
But bank value is 680k.

Anyway, the concern here is about double transfer process.
All Mah Sing project disallowed direct transfer to the new owner.

Sold at 496K. Bid up from 446K.
50K increment.
But bank value is 680k.

Anyway, the concern here is about double transfer process.
All Mah Sing project disallowed direct transfer to the new owner.

Standby another 50k cash to for the legal and stamp duty. Should be worth getting at this price.

what is double transfer

Is this still 70c psf maintenance? Can see in previous threads of owners justifying it. But it’s simply madness to defend the indefensible.