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Transferring bumi-lot to non-bumi, Is this possible?
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Seager
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Feb 12 2011, 10:48 PM
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I heard that this is possible, but very time consuming. This also depends on the efficiency of your lawyer.
I remember a family member of mine wanted to buy a bumi lot some time back. Paid down payment, and waited about 6 months, nothing happened.
Down payment refunded.
I'm not saying it's impossible, it's just that you have to go through a lot of hassle.
This post has been edited by Seager: Feb 12 2011, 10:49 PM
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Seager
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Feb 13 2011, 12:44 AM
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Haha, in my case, it was a landed property. First application was rejected, the second took way too long.
Somehow we managed to withdraw the second application and get back the downpayment.
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Seager
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Feb 13 2011, 12:57 AM
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I'm not sure, but i definitely know people tend to get in a lot of hassle when dealing with landed bumi lots. Not too sure about condominiums though, might be an easier task, might not. If your uncle thinks it's worth the wait and hassle, then go ahead with it. All the best!
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