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 landed property with strata title

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TSsamuelazz
post Nov 25 2011, 12:11 AM, updated 14y ago

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hi guys

i need your advise regards to strata titled landed property. will it be worthwhile to purchase the unit with bigger land area?

i like bigger land but i understand that we cannot make structural extension with the extra land. so will it be unwise to invest in extra piece of land that cannot be used for extension? example extra 2000sf of land that may cost a few hundred thousand more than a standard unit


TSsamuelazz
post Nov 29 2011, 08:59 PM

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QUOTE(Edison_CU @ Nov 25 2011, 12:30 PM)
better buy a landed wit individual title...
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i am looking at g&g type. there are some development that claims to be g&g but with individual title such as the project from mct "kingsley hills". as i know individual titled home also have their own disadvantage.
TSsamuelazz
post Nov 30 2011, 08:05 PM

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QUOTE(concretexu @ Nov 30 2011, 10:22 AM)
individual title always has the value than the strata title... just like freehold always has the value than leasehold
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why do you say so? hmm.gif
TSsamuelazz
post Dec 12 2011, 09:23 PM

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QUOTE(Antzfield @ Dec 1 2011, 10:26 PM)
If my understanding is correct, the advantage for strate title over individual title is if anyone (somehow there are such ppl) refuse/ignore in making monthly payment, he can be barred from entering the area.
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i dont think can be bared! maybe access card disabled, electricity disabled.


Added on December 12, 2011, 9:25 pm
QUOTE(2.30pm @ Dec 2 2011, 12:37 AM)
strata title for landed is actually same as condo, with proper G&G.
all properties within the boundary (except those things within your unit's land area) are share and belong to the residents, even the extra vacant land, swimming pool, playground, garden, drainage, lamp post, road, and plants are all have to maintained by the residents.
just that strata landed in malaysia still very rare, majority of us still cant accept the restrictions in DMC, like no extension (even if you bought with a bigger "footprint" unit), no outdoor painting, no pets, no illegal parking, no car wash in front your house, no clothes hanging and blablabla... and also, the maintenance fee & sunking fund, base on built up too, a unit with 3000sf built up have to pay more than a thousand/mth is not a surprise.
all residents are bound by the DMC law, whoever did not make the payment will not able to sell their unit until the overdue amount + agreed interest settled. being barred from entering the area or not? i hav no idea.
from what i know in DPC, foreigners appreciate strata title than individual title as more neat and more uniform, and also more friendly kind of environment (no fencing maybe?).
just my 2 cents, any mislead please correct me, we are learning..
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maybe the foreigners like strata bcos no garbage man in the area?? tongue.gif

This post has been edited by samuelazz: Dec 12 2011, 09:25 PM
TSsamuelazz
post Dec 12 2011, 10:08 PM

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QUOTE(DarkAeon @ Dec 12 2011, 09:46 PM)
strata titles (also for landed) is governed by the terms and conditions in the DMC.

now why the hassle? it is so that every one in the community plays their part in the maintenance of the neighborhood. usually this is necessary in creating/maintenance of a lifestyle. you can't do that with individual titles as no laws bounds one owner in participating in maintaining the common areas (unless they enter into another agreement altogether). Strata titles also mean the areas can be marked as private for residence (like gardens, roads etc). In an individual titled area, all other common areas are accessible by the public by law

it is not true for a strata title property no extension is possible. usually the DMC will govern this and you will need to obtain permission from the property managing body.

as for the effect it has on the property, really, strata/individual title is pretty much the same.
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i didnt know that extension can be done with permission from property managing body. are you sure? what if your new neighbour files a complain about your extension? does it mean it needs to be taken down? hmm.gif

 

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