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

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wl_n
post Feb 13 2011, 12:06 PM

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QUOTE(zigot14 @ Feb 12 2011, 10:39 PM)
Uncle is getting a property but it is a bumi lot.

But lawyer and agent advised that it is possible to transfer the bumi lot to non-bumi.

I just need to verify if this is true and what are the chances?
How long does this process usually take?

Thanks.
*
I have bought an old bumi shop lot 2 years back and the transfer involved Land Officer and State Menteri Besar's consent. Transfering is possible but with risk involved. Make sure your lawyer has strong connection to deal with all the authorities involved. Your lawyer can tell you the chances and estimated duration of the process. Process may take months or year. Even new condo bumi lot can be transfered to non bumi whereby the delevoper will make all the arrangement for you. In this case, you only pay booking fees and get refund if the deal dont go through. So, no risk involved. Good luck.

This post has been edited by wl_n: Feb 13 2011, 03:35 PM

 

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