Jan 1 2012, 11:31 AM
QUOTE(spydermind @ Jan 1 2012, 01:45 AM)
i dont think this is legally possible although in Malaysia, we have one motto " Malaysia boleh" ....
To be honest, i havent found any property under bumi lot than is cheaper by 30% the next unit which is not bumi llot.
YOu must have a lot of lubang to convert the title.
Maybe not entirely illegal, but depends on which state.To be honest, i havent found any property under bumi lot than is cheaper by 30% the next unit which is not bumi llot.
YOu must have a lot of lubang to convert the title.
Got friend who inherited a bumi-lot property where neighbourhood has turned into red light district.
no bumi wants to buy, but lots of chinaman tauke interested.
Legally (it seems) he can apply to sell it to a non-bumi if can't find a bumi buyer after 6? months.
Last heard it is taking forever....so yes a lot of patience needed.
So check with the relevant land office to see can or not, then find a lawyer who 'specialise' in such deals
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