Nov 5 2021, 03:46 PM
QUOTE(jc2320 @ Sep 6 2021, 09:02 PM)
Hi guys, happened to come across the developer offer for leftover units (~2k sqft) and it’s quite attractive (with HOC) compared to the subsale prices.
I personally like the location and the project itself, but heard developer has entered into Voluntarily Liquidation.
Not sure how this would complicates the transaction and any risk/hidden charge I should be wary of? And if that would affect the transfer of title?
I just bought a unit from developer with HOC early of this year. I think the price was very attractive compared to subsale. I personally like the location and the project itself, but heard developer has entered into Voluntarily Liquidation.
Not sure how this would complicates the transaction and any risk/hidden charge I should be wary of? And if that would affect the transfer of title?
Yes, the developer is now under voluntary liquidation, their liquidator is PwC (PricewaterhouseCoopers), quite reputable and professional.
The only worry was the title transfer. But since the master title has been stratified and ready to transfer, so I just paid RM2500 MOT legal fees to perfect the title transfer.
In short, I only paid for loan legal fee, bank valuation fee, MOT legal fee and balance of MOT stamp duty which not covered by HOC.
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