AUCTION PROPERTY- NEED ADVICE
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 Apr 11 2015, 10:50 AM
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#1
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Senior Member
5,379 posts Joined: Jul 2009  
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QUOTE(raw7118 @ Apr 11 2015, 10:31 AM) Hi guys, Planning to buy an aunction property Kawasan rizab : Tiada Taraf pegangan : selama-lamanya However there is a sekatan kepentingan : Tanah yang diberimilik tidak boleh dipindahmilik, digadai atau dipajak melainkan dengan kebenaran Pihak Berkuasa Negeri. Will this sekatan kepentingan drag the period of loan disbursement of 120 days? Need advice from all the sifus ....  |
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Apr 11 2015, 09:21 PM
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#2
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Senior Member
5,379 posts Joined: Jul 2009
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QUOTE(raw7118 @ Apr 11 2015, 11:10 AM) I did a land search, owner is malay , i'm not. That's why i am afraid the transfer name process might takes time and cause me to delay the loan disbursement. FH or LH? |
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Apr 12 2015, 10:58 AM
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#3
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Senior Member
5,379 posts Joined: Jul 2009
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QUOTE(raw7118 @ Apr 12 2015, 10:18 AM) Ind title issued. Look like your case is Malay reserve freehold? Freehold. [SIZE=7] There was a new launch called Saville Bangsar, build on a freehold Malay reserved land, the developer can sell to non Malays buyers and advise the buyers they do not have problem to sell to non-Malay when it comes to sub sales, even though there are sekatan kepentingan in the master title. But the project is still under construction yet. So no precedents as reference. The best way is to call up the auction lawyer, the legal firm that printed in the Proclamation of Sales to verify. They are obliged to help the interested bidders. |
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