There is a bumi discount that i know of... 2%

The developer is ready to pay the penalty .... they don't reserve the bumi lot as required....

I've been told they don't need to reserve bumi lots because it's under a commercial title

I m not the expert ....I quote one LY forummer cheahcw2003 excellent explanation here....maybe other forumer can shed light as well...

you need to distinguse the bumi lot and bumi quota. for all development, usually a number of units need to be allocated for bumi buyers, the % could be ranged from 30%-50%. This is call BUMI QUOTA.

For LH property, it is the lease land that developer "lease" from the state government to build houses, so the actual owner of the land belongs to the government, so when it comes to the bumi quota, once a bumi buy the unit under LH, the land office will be stamp the land title as "bumi lot", so if any transfer of names/ sales, need to get the land owner's consent which is the land office. On normal circumstances, transfer of name from a bumi to non bumi is not allowed, except for the following reasons:-
a) the bumi owner of the prop go bankrupt, the bank/court need to force sell the prop for cash to settle debt, then the court may order to sell to anyone.
b) the bumi owner of the land migrates and need to sell in a hurry
c) the said development already have adequate bumi owners then land office may use their descretion to approve the sales to non bumi.

For the case of FH property, the developer sell the property + land to the house buyer, so the house buyer own the land + house. So even u r a bumi purchaser, since u r the land owner, u can sell to bumi/non bumi, since u r the owner of the land, and land office consent is not required.

When the developer sell the 30% of allocation to bumi, then the quota is considered fulfilled and they will not care on the subsales from bumi to non bumi or vice versa.

Source: http://forum.lowyat.net/topic/1404720

This post has been edited by Guppy11: Dec 4 2011, 04:57 PM

Still got any unit now? What do you think Leafz compare to Residence Central @ Sungai Besi?

Could some one be kind enough to list down in order,the respective completion period of condos around sungai besi, kuchai lama area for the next 3 years?
Estimated month n year of completion.

Below is what i have, maybe it helps u....

No. Property Land Developer Launching Year
1 G Residence Freehold Kelang Lama Land 2010
2 OUG parklane Freehold Akisama 2010
3 Seringin Residence Freehold See Hoy Chan 2010
4 288 Residence Freehold Akisama 2011
5 Palace Court Leasehold BHL 2011
6 Arte Leasehold Numestro 2011
7 The leafz Freehold Exsim 2011
8 UOA resort condo Freehold UOA 2011
9 Central Residence Freehold HR United 2011
10 Desa Residency Freehold Vision Development Concept 2010

Last friday i went to sales gallery the SA said still got a few unit left, if i not mistaken is about 4 unit.................you can go and have a look........

I think the comparison of the properties are very subject to personnel, hence i dun like the idea of step down others and making yourself higher............. I believe every property has its own unique and selling point, pay a visit to the sales gallery and you will have better understanding on this property..................

ya you are right. each project has its own plus and minus.

Correct. I don't like to look at one factor onli like price per sqft to determine the return. lowest entry price doesn't guarantee the higher appreciation value. Location should be the most important factor to consider.

China developer offers BMWs for buyers

A Chinese developer is offering BMWs to buyers of its apartments, as the country's cash-strapped real estate industry struggles to boost sales after government restrictions squeezed demand.

The owner of Central Mansions, a huge housing development comprising nine tower blocks in the eastern Chinese city of Yueqing, will give away a BMW for the first 150 buyers, a sales consultant told AFP by telephone Thursday.

"There are still a few cars left. First come, first served," said the consultant, who declined to be named.Demand for apartments has been falling across China after authorities, fearing a property bubble, banned the purchase of second homes, increased minimum down payments and trialled property taxes in some cities.

At the same time, property developers have been hit by a lack of funds, as the government hiked interest rates and restricted bank lending to rein in surging inflation and bring real estate prices into line.

hehe ...
hopefully happen now here...

http://forum.lowyat.net/topic/2135395

Not to clear stock / push balance per se, as this is part of their marketing scheme, still ... a lexus ... kekeke

Malaysia developer gives ipad2..

If its happenning in M'sia, i'll withdraw all my money in property dy...........This is crazy.................

this is crazy! we're like china already! oh no haha! maybe good for me who yet to buy!

haha, actually if i were you i'd wait abit, no harm as we're already in third year of consecutive boom.

I can say, if china does slow down to 5-6%, dont even need to be in recession, the world will kena another round

Which bank is offering the most competitive interest rate?

Ur right! Support Support!!!

which model the bmw? X6, 1 series?