Hi Dario,
I would like to ask, I'm first time home buyer which wanted to buy a SOHO at subang, however the land title is commercial. if I make the SPA below 350k do I entitle for the rebat for 50% which stated in Malaysia budget? Please help to advise on this. Thank you

This post has been edited by angle45: Aug 13 2012, 12:13 AM

Hi Dario, Thanks for the link. However I would like to ask whether this SOHO unit stated as residential or not, I've paste the term in SPA as below:

"AND WHEREAS the vendor is developing the Said Land as a housing development provisionally known as"xxxxx" complete thereon with common facilities as in the Second Schedule(hereinafter referred to "Said Project""

"AND WHEREAS the Vendor has agreed to sell and the Purchaser has agreed to purchase a parcel of apartment with vacant possession distinguished as described in Section 3 of Schedule A hereto which is delineated and shared GREEN in the Story Plan measuring area stated in Section 4 of the Schedule A hereto within Story No. and Building No. as described in Section 5 of the Schedule A hereto which is turn delineated and edged RED in site plan with accessory parcal with VACANT possession distinguished as accessory parcal number as described in Section 6 of the Schedule A hereto, subject to term and conditions hereinafter contained."

Hi Dario, Thanks for the prompt reply. The master title for this SOHO is on commercial title however when I ask around for agent, a lot of agent said it consider residential for bank loan. Since bank is consider as residential isn't possible have exemption.

FYI, this SOHO didn't have any commercial shop. It only have ground floor for basic shop like laundry.