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Investment Malay Reserve Land and Bumiputera House & Property, what is expected from these?

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tiaravee
post Jul 31 2013, 11:21 AM

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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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