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 Transferring bumi-lot to non-bumi, Is this possible?

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khedge
post Aug 25 2012, 11:19 PM

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Joined: Aug 2012
QUOTE(AMINT @ Aug 25 2012, 12:47 PM)
Peri-peri, i will soon sell my one and only leasehold. so u recommend that i should not attempt to sell to non bumi and just sell to bumi? need ur comment
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Amint, the process will be faster and hassle free if you were to sell directly to bumi, however if u want to sell to non bumi u must ensure and prove that you've advertised and tried selling to bumi but no bumi takers interested in your unit after a period of time.

An officer from state department once explained to me that you also must have valid reasons to dispose your property to non-bumi i.e
1. To cover heavy medical expenses (operation, chemo, transplant, etc)
2. Facing near bankruptcy
3. Owe money to many alongs

She mentioned that the usual reasons of upgrading house, transfer to another state, etc are not strong enough for bumi to non bumi conversion.

Hope this helps. Cheers!

 

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