dont have to worry much. this is a clear cut case. just follow what jarsrix told you and they will definitely refund you. make sure not even 1 sen deducted. just to add 1 more, try to write to malay mail and see how they are going to answer.

its a case of misrepresentation - you bought based on the agent's advice that its a non bumi lot but it was wrong info so legally they have to refund WITH an apology ..

its not the case of whether its possible to transfer or not..even if its possible to transfer, you still dont want it as your specific condition was that it should be a non bumi lot..period...

hi guys..thanks all for ur opinion. By tml 12 if i din get an answer from them when i can refund, ill post every report i make here.
I was not take expose to property forum. Anyone can give me links to those forums so I can inform others about this and no one else being a victim

In my experience this is not the only case of agent misrepresenting, I have personally met 2 such instance.

In one of the case whereby the owner is malay, the agent said to me where got bumi units in this condo, its all non bumi already when sold. That's pretty suspicious by itself so when I asked for the s&p to give it a check, the agent retracted and said to confirm with the owner first where its bumi unit or not.

Yes, I do think that bumi units are hard to move, so sell it harder but in a moral way. Some agents just like unscrupulous that ..

Another fav tactic of theirs are to advertise lower price in iProperty or any other place, and once we made a call, the unit is usu sold, even when you are making the call on the very same day the advert is posted,
and they'll proceed to push a similar unit with a price tag far higher than posted. Very very frustrating to deal with people like that....

Yeah....i met these kind of cases this several months. when i check the agent details, he posted about 10-15 units for sale on the same day. And when i called him up, most of it is sold. Seems like they are those who trying to push the market higher by misleading us with a thought that houses are sold at this price. cause mostly when i try to get my fren to check with valuer, the price is 20-30% over market price where totally unable to proceed with 90% loan.
But the agent still tell you that it is possible to get loan and they have someone who can value very high.
Its seems like the property market now is full of scam. better be careful

hope no one will go into the same situation as i am now where it is really wasting time and distrubing

ya it's a good lesson for all of us... as we save n earn our money little by little....it's really unethical to mislead us, the consumer...

maybe the below links are useful to u:

http://www.realestate.net.my/forum/
http://www.myrealestate.com.my/viewforum.php?f=11
http://forum.syiok.com/
http://www.pjnet.com.my/forum-5.html
http://www.propertycommunity.com/forum/malaysia-property/

This post has been edited by JeanJ: Mar 6 2011, 03:21 PM

Sorry its my first time in property talks.
What the matter of BUMI lot?

hm...bumi lot is reserve for bumi only.
They are cheaper than other unit. If you are not a bumi, and trying to buy a bumi lot, you will face a lot of problem in transferring the name.
Normally will no take the risk as it might take a lot time and effort and money to transfer the house title to a non-bumi.

this is what i know so far. hope its help

BUMI lots is something created by the BN government to burden the non-bumi buyers.
Lets say to cost to build 2 identical property is RM200,000. Developer wants to make 50% margin. So should sell RM400,000 per unit. Assume that 1 is bumi lot and the other is non-bumi lot. Bumi lots get 7% discount. So what does the developer do?
Selling price of 2 units = 2 x RM400,000 = RM800,000
Target margin = 50%.
Difference between non-bumi and bumi lot = 7%.
Assume non-bumi price = A
Then bumi price = (1-0.07)xA
Target total selling revenue = RM800,000 = A + (1-0.07)xA = A+0.93A = 1.93A
A = RM800,000/1.93 = RM414,508

So non-bumi lot sells for RM414,508
And bumi lot sells for RM414,508 - 7% = RM385,492.

So, the discount given to bumi, is added to the selling price of non-bumi units. The government wants to non-bumi to subsidise the bumi.

Partly true.

The other reason is that the govt don't want the non-bumi to own all the land in the country.

That's why bumi houses cannot be sold to non-bumi except for special cases eg. developer cannot sell the house after xxx years, then only can sell to non-bumi.

This post has been edited by jalsrix: Mar 6 2011, 05:28 PM

Disagree. Bumi discount and bumi lot is part of an "affirmative action" policy. You know the history: that upon independence in 1957, segments of the society, particularly the Malays are lagging far behind economically because of the British's divide and conquer policy.

Hence we have policies like these with the INTENT of closing economic gap. In this spirit of helping our fellow friends who are far behind, aku support.

Having said that what I do agree with you is:
1. The affirmative action policy has been misused and corrupted by many rich bumiputras and cronies to further enrich themselves.
2. That this policy is no longer relevant today as poverty is not determined by whether or not a person is bumi or non-bumi.
3. That political wackos are still using race card to win political mileage, which inevitably make people perceive that one race is being used by another.

Well said. I believe in time, racial politics and policies have no place in Malaysia, time favor multiracial parties in the sense that society can only move upwards in sophistication over time.

Along with bumi quota, I hope leasehold status too. Its really unnecessary burden to homestayers and is only here because of the legacy of an old british system.

why is leasehold a legacy of old british system ? Mind giving details ?

hey dingdong985,

Is the property freehold or leasehold? Still under master title?

If freehold, still 'transferable' but it will takes time and subject to Land Office.

But leasehold, don't ever try it. My colleague just bought a leasehold, failed to transfer the bumi lot and end up losing money for processing fee and legal fee. Don't ever trust the lawyer who said can do it, they were just trying and end-up they will charge u as well if it fails.

hi all,

actually the ones making money from bumi lots are the non-bumis. Bumi lots can be transferred (i don't know fortunately or unfortunately) and could be done without much hassle. It is one topic however, i would rather not talk about. So i will stop here regarding bumi lots.

But for the case of TS, you could report to police commercial crimes unit if you believe you have a case. Unfortunately, i must say you have made a lot of mistakes for a property purchaser. No one should sign anything or give any money unless you have a copy of the title deed. Make sure it is the right title deed. No doubt the agent might be daring enough to deny everything and said you knew all along it is a bumi lot and you are having cold feet. Purchasing properties would always favour the experienced. It is OKAY to ask along someone experience if you are unsure.

Law of defamation is not easy to prove. If you are certain your story is real and that you have been hoodwinked, then you are not defaming a person. But make sure you have solid proof of the other person's wrongdoing. In a forum, things can get emotional and people will tell you to do things as if you are a hero. In a real world, people get sued for being heroes.

Okie well.. in my limited knowledge,
leasehold land really ONLY exist in commonwealth nations, and it varies in slightly different forms in each countries, some
will allow only up to 30 years or 50 years of lease (thailand, sg), in Malaysia its commonly 99 years while S'wak is 30 yrs if not mistaken.
But in UK itself, lease will extend up to 999 years.

'Leasing' the land comes from feudal system really, where no commoners actually 'owns' the land, they merely 'borrow' it while giving
tithes to the land owners.

While in modern UK this is still in force, at least 999 years is acceptable in terms of preserving the value long enough.
Some project locally while taking into account the holding period & construction period, it can be less than 90 years left..

Further to add, renewing the lease takes into calculation the value of the land WHEN the lease is renewed. The current market price
is used regardless of whether you bought it 50 years ago or not. Is this fair to leasehold land holders vs freehold?

This post has been edited by 1ullaby: Mar 7 2011, 12:04 AM

It is not true that leasehold occurs only in commonwealth countries. Frankly I do not have the extensive lists of countries with leasehold lands but for China, all lands are state owned. I don't know if they allow private land owners there nowadays. What they will give developers are the rights to develop a piece of land and then to lease the structure to buyers. Buyers will pay a lease price for the land the building occupies, whether stratified or subdivided. In the past, under colonial rulings, we have more freehold than leasehold.

There are quite a number of ways the government calculates the premium of land. In sarawak, apparently people have to pay up to 2/3 of the market value of the land to have their lease renewed (or thereabouts). PJ recently was not as bad (but I cannot remember the figure). I have agriculture lands renewed with very little premium compared with market price. So i believe it is a case by case basis and depending on the class of land.

Alright, communist legacy systems aside, as you cant expect to own something if the policy is everything to be "shared equal".
Regardless of whether we have more freehold than leasehold in the past, the government can actually do something to it instead
of making things complicated. Come on, why maintain a policy that burdens the system when not every mechanism is oiled and greased?
And to serve what purpose?

For PJ case it the end its still to the discretion of the state government. Else at current PJ land price, it will be bad ... whether 2/3 or 1/10,
its still at current market price, whereby the people are supposely the owner of the land.
Case by case basis yes, residential land remains hopeful for premium reduction, but why put this burden on the people ..
For something that is uncertain, the value gets discounted ..

This post has been edited by 1ullaby: Mar 7 2011, 12:22 AM

Thanks for the reminder. It think i got solid proof where he sent me another very unofficial letter to sign and stated that both owner and buyer do not know that the unit is not a bumi lot at 1st place.
the most important thing is that he as the agent who sell the thing should have make sure + clear on what he is selling. if he is uncertain, just tell me that he dunno, shouldnt confirm it is not a bumi lot. it is either he at 1st place plan to cheat me or his mistake for not making sure what he is selling

In Singapore, where many people from this forum, tend to praise their system, most of their properties are leasehold. In fact ALL of their HDB are leasehold. Doesn't matter if it is freehold as the government can apply a law which states that they are intending to take the "freehold" land back for development and they pay you peanuts for it (which is unlike Malaysia, they do pay the market price for land acquired be it bumi or not). So does not really matter if you have leasehold or freehold. Perhaps for those who wants reassurance, just buy those freehold.

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Added on March 7, 2011, 12:43 amUnfortunately we do live in a sometimes unfair world, where the nasty experienced people will take advantage of those who do not know. Just be extra careful. I believe you have a strong case, so just keep your stand but try to resolve amicably. It is to your advantage as I believe the agent might not have done it for the first time.

This post has been edited by michaellee: Mar 7 2011, 12:43 AM