QUOTE(webby88 @ Feb 9 2011, 07:34 PM)
I thought for commercial property, it is not mandatory to provide bumi allocation. However now Sunrise is becoming a GLC, things may be different now.
I have bought 2 properties which did not have any bumi discount or bumi allocation - Casa Tiara (serviced apartment on commercial title) and First Subang Studio Suite (studio unit on commercial title), both in Subang Jaya. This led me to conclude that props on commercial title do not need to give bumi discount/allocation.
Maybe Sunrise just wants to keep some units to be released later at a higher price and is using the bumi allocation as an excuse for not selling now, knowing/speculating that there will not be many bumi buyers for this project. So, diam2 cakap itu bumi units to put off buyers and then 6-12 months down the road, off load this at higher price.
Just my guess only. Best to check actual status whether this commercial property need to allocate for bumis or not. If not, non-bumis can go whack the "bumi allocated" units.
Feb 10 2011, 11:39 AM

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