QUOTE(1ullaby @ Jun 2 2011, 12:00 AM)
Hi Sowyau, I hv a ques,
if the first owner didn't collect his title (strata title issued) and now I'm buying over from him, what happens if the developer does not approve of a direct transfer to my name. Who will bear the cost of the first transfer to the first owners name?
And if the developer does approve a direct transfer, will the MOT be paid once or twice?
Hi, 1st u need to find out whether the strata title is under the 1st purchaser's name or still under the developer/land owner's name.
If it is 1st purchaser's name, then he/she should bear the cost of 1st MOT.
If it is 1st purchaser's name, i dont think it's called direct transfer anymore, likely have to pay twice for 2 MOT.
If it is still under the developer's name, it can be direct transfer to your name, with the consent of the developer, i know this because I have a strata title property with similar situation. from developer direct to my name.
Other forumer can help to advice? Cos the issue of MOT is a bit out of my range
QUOTE(babyekc @ Jun 2 2011, 01:48 AM)
Hi SowYau,
I bought a leasehold unit with Strata Title issued, but the owner has yet to do the transferring of the Strata Title into her name when I buy. As of now, the status is 'presentation from Developer is done' and it's pending from the Land Office. I do not know what is this pending is all about, do you know what are all the stages involved, eg, from Developer to Land Office and then State Authority Consent, etc? It looks like it's gonna take a lot more times than what the property agent told me before I bought the unit, and it's giving me more headache as days goes by.
Regards.
Hi, which State is your property located? Due to your leasehold title, State Authority Consent is a must, it took months (range can be 2 months to a year!), takes property agent's words with pinch of salt. How long is your MOT process already? I think your situation is similar to the forumer above, pending MOT to the 1st purchaser. Maybe u can ask the developer to direct transfer to your name?
If not, follow up with them closely, demand a timeframe from them. If you really wants to get it done, get the Presentation no. from them, you can proceed to the land office and follow up by yourself.