QUOTE(shindenv @ Apr 22 2011, 12:00 PM)
Not worth it... just look for other non-bumi lot if you are non-bumi else it will be like renting the property as it'll be very hard for you to sell it off later if you need to.
I don't think this advice is correct. Whether it is worth the hassle varies from individual. Personally, I would think it is worth it as I have been buying bumi lots. It does take quite a bit of time to get the approval but so far it has been 100% success rate. The prices given normally are around 20-30% below market rate, so personally, I believe it is worth the hassle. Once the bumi lot is transferred to a non-bumi, then the lot becomes international and the next person can still sell to non-bumis. However, if the non-bumi sells to another bumi down the track, then it automatically converts itself back to bumi lot.
Apr 22 2011, 02:17 PM

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