[quote=malaysiaku,Apr 7 2011, 09:10 AM]good morning to every / k /

lucky got thie thread,

i just wondering,

if buy + can transfer bumi lot, do i pay full price or with the discount on the bumi lot?

or pay with market price?

kinda confusing for this bumi lot issue.

please enlighten me.

i know if buy land, from bumi to non bumi need approval from menteri besar only can pass.

for bumi to non bumi housing chances is very very slim right? ( as mentioned on how GOOD ur lawyer n connection )

if buy condo/apt/low cost house of bumi lot also go thru same process also?
especially with the auction unit?


thank you
[/QUOTE]

Ok you are bringing up quite a few issues here and have been mixing with different concept.


First you need to know the difference between rizab melayu and lot Bumiputra. Land are usually rizab melayu and housing units ( landed or high rise) Bumiputra. For the transfer of rizab melayu, it comes under national land code and needs ex co approval. In order for exco to approve they need to find a replacement non-Malay land which is nearly impossible. Even if only one exco disapprove, you lose the case. Let us not comment on any under the table transaction.

Transfer of bumi lot to non bumi is relatively easy and with the right lawyer and runner, transaction would normally complete in 6 months. Success rate ver high. Only the signature of mentri bread is needed instead of the whole ex co.


[/quote]

This post has been edited by michaellee: Apr 7 2011, 09:34 AM

Just curious, since when/which state needs consent for leasehold land? Thanks.

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Added on April 7, 2011, 10:31 amNo problem. A forum is a place where we learn new things. I am not an agent.

This post has been edited by michaellee: Apr 7 2011, 10:31 AM

You are right in pointing out that sekatan penting but as far as I know, I don't think the transfer of leasehold land should be any longer than freehold and normally the so called state approval is a rubber stamp thing. But just to be on the safe side, I will double check with the lawyers. I have bought a few leasehold properties, the time taken for completion is quite fast. Definitely within the 3+1 month.