hi all. i have some questions.

my dad bought bumi-lot of bungalow land (mid of year 1996). he told me that since that lot is bumi-lot, therefore the name is under developer (berjaya).

now i going to build my own house there. what process should i go do? will that take long time? can i build house before transffering?

Bro,

I don't think that's particularly plausible.

1. Legal fees involved

2. Bumi units are often developer designated. That usually means "undesirable" units.

3. Gearing / load ratio. Bank's are looking at below 50% to 70% loan to income ratio.

4. If bumi purchaser used as a proxy for immediate purchase, then the 2X legal fees does apply.


Despite the 30% bumi quota, quite a number of developments still have the majority of the quota unsold upon project completion. The developer would then release it to the public as non-bumi units after paying the contribution.

They can only transfer if there is a great need of the money and have a really good excuse..
For our cases, the owner was having cancer and needed money to do chemotherapy.. At market rate, there will be no up take on his property as even bumi price. Its still high. Furthermore we paying cash.. So instant money for him for his treatment..

Unless you have a damn freaking good excuse to sell to non-bumi, its virtually impossible to transfer..

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Added on September 13, 2012, 2:27 pmYes its lot bumi..

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Added on September 13, 2012, 2:30 pmSince the title is still under the developer.. Better transfer first otherwise, its trespassing my 2 cents


This post has been edited by wanchenghuat: Sep 13 2012, 02:30 PM

Just reviving this thread again:

- Just put downpayment for a

Leasehold Condo
20 yrs old,
Strata Title
0ne owner, malay datuk

Just gave lawyers fees. lawyer did land search everything went well, all clear. Went ahead to submit letter of consent.

Suddenly now land office reject letter of consent, saying that the unit is bumi unit. My lawyers said it could be because developer must've done something internally with land office, but in the titlle itself, there was no where written that the unit is a bumi lot, even in owners previous S&P between developer also no indication its a bumi lot.

So now apparently we have to wait and ask the owners lawyers to approach the land office again with an appeal. From what i've read, if the condo already have enough bumi owners and have met the quota it shouldnt be a problem, and also its a 20 yr old condo, so old already.

Im absolutely pissed that this can happen, i work very hard, im a non bumi, i have two children, we've finally able to afford downpayment for this nice place, and would like to provide a nice home for our family, and we've been waiting so long to move, and now this happens. Can someone actually tell me if there is any chance of me getting this property now, I don't think its fair that they don't even indicate anywhere in the title or anywhere and let us proceed further to put in downpayment and pay legal fees and waste our time if at the end of the day they just gonna reject our purchase.

So what are my chances? Anyone had any experience with this.

thx

nobody?

Title will not state bumi lot and you will not see it in SPA also.

Check the title again under 'Sekatan-sekatan Kepentingan' if stated Nil then ok to transfer but if it states something like this 'Tanah ini tidak boleh dipindah milik digadai atau dipajak melainkan dengan kelulusan pihak yang berkuasa' then you have issue. Well i think in your case its the latter.

However normally for property >5 years old, with good reasons the appeal will go thru. Quiet standard for the authority to reject the first application.

thx bro! i find this funny tho how come my lawyers didnt encounter this when they did the land title search? can this actually happen? or is this a screw up on their part?

good reasons for appeal? waht kinda reasons?

thx for the help and info btw.

When do title search we will get a copy of the title right? If so then your lawyer shouldnt miss the sekatan statement.

Yes I experienced few lawyers who don't understand the Sekatan... Sometimes I need to advise them rather then them advising me ha ha

If the reason is related to health ex. need money for medical treatment etc. will easily be approved. On your case the property is 20years old normally the authority are a bit relax on the reasons. The lawyer can also check with the related Pejabat Tanah as they can advise accordingly.

ah okies thx a lot for that news i really hope it goes tru tho, i just want a decent home for my kids.

im meeting my lawyer tomorrow, he doesnt seem to positive about it though, he actually wants to discuss if we actually want to appeal or not. dont think he's well knowledged like u forumers here.

the unit is actually quite rundown and under a divorce case for more than 7 yrs, in that time the cheating husband was utilizing this place wit the wife moved out elsewhere, the wife finally won the case and the title given to her, so she can kick the husband out and she's desperate to sell it off, very long story la. just thought can this be a good reason? since the owner is a datuk, she already got a lot of money, dun think she can pretend she needs to sell off house for medical reasons.

any other explanations can be given to the land office? when u said contact pejabat tanah and advise accordingly? shouldnt my lawyers know wat to do? i was thinking to tell the lawyer to get the number of bumi owners in that condo to show that theyve already have sufficient quotas.

any feedback or help on info would be greatly appreciated!

thx

Solved? moved on from this ?
how the story ended ??


first owner - bumi
Second owner - non-bumi (converted the unit, and decided to sell off)
Third owner - Only Malaysian and if bumi bought the house again, then it's a bumi lot to Fourth owner

This post has been edited by outpace: Mar 26 2015, 11:23 PM

If not mistaken, as long as previously already managed to convert to Non-Bumi, then subsequently can sell to any Non-Bumi buyers already without having to go through the same process again.

I am a banker.

I have a customer who purchase bumi lot and he managed to get it done albeit taking longer time. The owner of the property make a declaration he got no money pay for this property and forced to sell to non bumi since no other bumi have intention to purchase.After few appeals, it's approved.

This post has been edited by Asgaard: Mar 26 2015, 01:03 PM

http://bumilot.blogspot.com/

http://bumilot.blogspot.com/

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This post has been edited by kenyong1987: Aug 13 2015, 07:28 PM

Hi Banker, i have some problems about Bumi Lot Freehold Land convert, can i pm you to ask?
I am newbie, Thank you.

Hi TS, is your uncle appeal success?

TS mia since April 2016

Would you be able to recommend a good lawyer with good success rate who can get it done? I bought a bumi lot highrise and difficult to sell without converting to non bumi unit. Thanks