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Investment Malay Reserve Land and Bumiputera House & Property, what is expected from these?
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davidlow7
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Jun 4 2012, 12:55 PM
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Thanks. It is weird when the developer says the project (condo) has no bumiputera quota in it.
I supposed this is enforced for every project for the bumi rights under the Malaysia constitution.
Well, I wonder why would we have such a T&C at the first place. Such as it can be sold to non-Malay and the moment it is sold to a Malay then only it cannot be changed hand to a non-Malay.
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KLHC1964
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Jul 5 2012, 04:34 PM
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New Member
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Am looking at a ssl hse and it is a open title bumi lot according to the owner. If i were to buy this unit would it be difficult to convert it and what are the procedures and additional cost incurred besides the purchase price of the unit. The unit is in PJ by the way.
Appreciate all advice.
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duenlim
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Jul 5 2012, 04:40 PM
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Getting Started

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QUOTE(michaellee @ May 30 2012, 11:59 PM) OK. I think a lot of people do not understand the differences between Malay Reserve and Bumi lot. These are two distinctly different types of properties. Malay Reserve land is actually provided for under the National Land Code. These land are specifically for MALAYS, not bumiputera as there are many types of bumis in Malaysia. Once a land is gazetted as Malay Reserve, then it is virtually impossible to convert to an "international" title UNLESS a similar piece of land (international lot) with similar value can be provided for in exchange to convert this land to unrestricted (this is provided for under NLC). Malay Reserve land has too many restriction and hence is very reduced in value. The best example as shown by TS is Kampung Baru where if it has been international, it would be a massive gold mine. Development built on Malay Reserve can only be sold to Malay and hence it might be difficult to garner any impressive values. In future these properties can only be sold to Malay. With so much restriction, it is very often that most people are reluctant to develop Malay Reserve land. I have done it once before and completely failed at Exco level 3 times even though I personally appeal the entire Exco and MB. Apparently it was a lot easier done more than 10 years ago than it is now. Bumi lot is NOT provided for under National Land Code. There is no specific section in dealing with it. That's why I find it interesting that a land title can be chopped Bumiputera Lot but yet can easily be converted to non-bumi as long as MB signs the approval. In order to convert to non-bumi, you need to advertise in the newspaper for no less than 3 times within 3 months and that there is no interested parties EVEN at a reduced price. Conversion can be done at land office but seriously, I have never attempted to do it myself. I normally used a runner and so far it has been 100% foolproof. The fastest approval is 3 months to my longest is 18 months. My rate of success so far is 100% and I have done over 30 conversions. So I believe conversion should be easy and on hand I am still waiting for approval for 2 properties purchased in March 2012. Do not ask me for my contact for lawyers or runners as they prefer to do business with people there are familiar with. My apologies. Thanks for this valuable information. I am dealing with one bumi lot now. The Malay bought the house form Chinese owner 4 year ago. Do you think chances is high to buy successful buy this?
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michaellee
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Jul 5 2012, 04:44 PM
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QUOTE(duenlim @ Jul 5 2012, 04:40 PM) Thanks for this valuable information. I am dealing with one bumi lot now. The Malay bought the house form Chinese owner 4 year ago. Do you think chances is high to buy successful buy this? A lot of the titles would state that once a bumi has bought the house, it would automatically revert to bumi status. It would be good if the title is silent on that. If it is silent, then it should be international lot. If it is bumi lot, you need to apply for consent to convert the title.
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duenlim
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Jul 5 2012, 04:47 PM
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Getting Started

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QUOTE(michaellee @ Jul 5 2012, 04:44 PM) A lot of the titles would state that once a bumi has bought the house, it would automatically revert to bumi status. It would be good if the title is silent on that. If it is silent, then it should be international lot. If it is bumi lot, you need to apply for consent to convert the title. Thanks Man. How do check it is international lot or bumi lot? refer to strata title?
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michaellee
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Jul 6 2012, 12:05 PM
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QUOTE(duenlim @ Jul 5 2012, 04:47 PM) Thanks Man. How do check it is international lot or bumi lot? refer to strata title? Yes should be stated in strata title.
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peri peri
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Jul 17 2012, 12:09 PM
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QUOTE(ecin @ May 31 2012, 12:23 PM) serene kiara 1 sold out and 2 now like hot cakes. all malay reserves. Owned and developed by Tun Hussien Onn Son, Datuk Haris Onn. A charming leader. Added on July 17, 2012, 12:10 pmQUOTE(jeffwkh @ Jul 7 2012, 10:57 PM) they r lucky to buy at cheap price and discounted price!! depends, they willing to pay as market rate for prime area like mont kiara. Big boys don bargain, they grab This post has been edited by peri peri: Jul 17 2012, 12:10 PM
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faizalmn
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Nov 19 2012, 09:07 AM
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QUOTE(michaellee @ Jul 6 2012, 12:05 PM) Yes should be stated in strata title. I also experience the same thing. I purchased my house from a Chinese almost 4 years ago. I am wondering whether or not I have the STRATA title with me. However I called my lawyer which handles my other properties to seek an advice. He told me a BUMI lot in only applicable if the developer sells it to a bumi. If the developer sells it to a non-bumi and then the non-bumi sells it to a bumi, it IS NOT considered a bumi unit since the 7% discount has never been claimed nor given to anyone. It does make sense doesn't it?
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peri peri
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Nov 19 2012, 09:23 AM
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Try Serene Kiara and desa budiman. very niche surrounding to live with.
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pkiensing
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Nov 19 2012, 09:25 AM
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i consider this racist thread...
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faizalmn
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Nov 19 2012, 09:41 AM
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QUOTE(pkiensing @ Nov 19 2012, 09:25 AM) i consider this racist thread... Blame the govt policy, be it federal or state, NOT the thread. This thread is merely discussing what has been implemented. Don't like it, go and lobby the state legislative assembly. Until then we'll only discuss what is already implemented
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celicaizpower
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Mar 12 2013, 08:27 PM
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Hi Guys,
Lately there has been some confusion with regards to Malay reserved land especially for Selangor or KL.
Some say that:
1. only pure malay bloodline can buy 2. only if your father is a Malay then you are allowed to buy 3. only if one of your parents are Malay then you are allowed to buy
anyone here knows about this?
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simon7788
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Jun 11 2013, 02:20 PM
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Getting Started

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Did you guys encounter the developer apply for bumi lot quota waiver? Which means the developer has sold out for 90% and only left 10%.
This 10% suppose to reserve under bumi lot. After it launch for 1 and half years, there no more bumi buyer for these 10% lot.
Now developer going to apply for bumi lot quota waiver, higher chance to get it?
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Helius
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Jun 11 2013, 05:15 PM
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No worry... Now days Malay reserved land selling like hot cake...
A very good example is Saville Bangsar... All 60% non bumi sold out!! Waiting another 20% release only...
Developer say no problem and the price has increase 5% from launched...
I see Malay reserved property have more flipping potential as cheaper cost...
Anyway, developer bought this Malay reserved land at pantai dalam 76 million for 5 ache!
Is this consider cheap?
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tiaravee
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Jul 31 2013, 11:21 AM
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New Member
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I am in the midst of buying a property which is stated as Malay Reserve Land. It is a sub sale buy from a Chinese owner. Although transfer to non-bumi to non-bumi can be done but securing a loan for these type of property is difficult.
Currently, we are trying to get loans from some banks for the property, we realized that banks such as Standard Chartered, Public Bank and Hong Leong Bank do not offer loans to such properties...
So to future buyers, please state to the bank beforehand if you are buying a Malay Reserve Land, whether they offer loans to such property.
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Helius
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Jul 31 2013, 12:00 PM
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QUOTE(tiaravee @ Jul 31 2013, 11:21 AM) I am in the midst of buying a property which is stated as Malay Reserve Land. It is a sub sale buy from a Chinese owner. Although transfer to non-bumi to non-bumi can be done but securing a loan for these type of property is difficult. Currently, we are trying to get loans from some banks for the property, we realized that banks such as Standard Chartered, Public Bank and Hong Leong Bank do not offer loans to such properties... So to future buyers, please state to the bank beforehand if you are buying a Malay Reserve Land, whether they offer loans to such property. There are plenty of banks offer loans to Malay reserved land project... At least Malaysia main bank; Maybank doin... U an try and they could give very competitive interest with 95% margin...
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ts1
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Jul 31 2013, 03:11 PM
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MRL, the owner can change ownership from malay to non malay (subject u can get consent from developer i think) but title of the land cannot be amend?
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Helius
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Jul 31 2013, 03:23 PM
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QUOTE(ts1 @ Jul 31 2013, 03:11 PM) MRL, the owner can change ownership from malay to non malay (subject u can get consent from developer i think) but title of the land cannot be amend? Yup.. U have to get consent from local authority... It depends on which authority nowdays, if DBKL is the easiest.. 3 months approval out. Title will be strata and only non bumi can sell to either bumi / non bumi. Anyway, once sold to non bumi, that unit will convert bumi unit automatically.
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syarehey
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Aug 1 2013, 10:35 AM
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How to check whether the land is Malay reserved land or not? because developer normally put the land status as Freehold if it's a JV project. Do we need to go to land office everytime before purchasing a property?
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Helius
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Aug 1 2013, 10:53 AM
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QUOTE(syarehey @ Aug 1 2013, 10:35 AM) How to check whether the land is Malay reserved land or not? because developer normally put the land status as Freehold if it's a JV project. Do we need to go to land office everytime before purchasing a property? Developer should have informed buyers up front...
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