I'm just wondering is it possible to transfer a freehold bumi lot landed property to non bumi direct from the developer?

I know it's impossible for Malay Reserved Land, wat about bumi lot?

Nope

It depends on state government. Strictly speaking, it is not possible.(Frankly speaking, it is possible. Typo mistake).

If there is 30% bumi units unsold at the end, developer can apply to convert such units to non-bumi lots, thus be able to sell to non-bumi. As i've said, such thing requires permission from state government. It can be approved and not be approved.

This post has been edited by edyek: Apr 17 2012, 11:20 AM

Actually it is possible. There is no specific sections at all in our national land code regarding bumi lot. Malay reserve yes. For bumi lot conversion you need the mb signature which usually can be obtainable with the service of a runner. However from developer to end user might not be possible.

Is the unit purchased by someone else who is a bumi? If so, that would mean you are a sub-sale buyer. Under normal practices, direct transfer is illegal as that would mean less revenue for the govt from stamp duty charges. Most developers would not do so.

If the unit is unsold, the developer can sell to anyone once the quota is lifted and open for sale to non-bumi.

It can be done, the developer will publish the new launch advertising in newspaper for 3 days. If the allocated bumi lots unable to sell off during launching, the developer will appeal to state with the proof of advertising, pay the amount of discount of selling price to bumi directly to state, then land office re-write, the developer will then sell to non bumi. Means, the bumi discount will either goes to a bumi or state as compensation at the end. The developer will charge the levy to all non bumi buyers too. Welcome to malaysia.

For sub sale or 2nd hand unit which is bumi, u must appeal in land office, pay a big sum of premium for conversion and wait for the approval from datuk bandar. Doesnt means bumi property selling cheap, u non bumi can get it cheap too, the premium will killed u instantly. Better opt for other lah.

Sorry sorry. My mistake. What I mean it is possible provide there is permission from state government.

it's a developer unit, and i was told they converted the lot to non bumi. But i ask for paper work, the developer refused to show us anything.

Not 100% accurate. Yes, developer will need to go through those steps to prove that the units are not sellable. But I don't think they need to pay any of the discount foregone to anyone. So you will see a lot of developers actually extremely happy to do up the bumi lots so that they can sell it for a higher price later. The developer will sell the units at non-bumi price once opened up and with current trends, more expensive.

For sub sales and 2nd hand unit, your appeal starts from land office but ends with MB office. There is no premium but a minimal penalty sum payable. The approval is not from datuk bandar as it has nothing to do with Majlis or Dewan people with bumi status. I have done way too many bumi to non bumi transactions before to safely say it is quite easily done.

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Added on April 17, 2012, 11:48 amI believe they meant they have opened up the unit to non-bumi purchasers with consent from the relevant authorities. If it is the developer that is selling you the unit you need to check the reputation of the developer. If it is of reputation, then you need not worry. For them to sign the SPA with you would mean that they are confident of transferring the property to your name.

Not sure if it applies to all states in Malaysia but I do know in most of my residential land titles, they will put in a win all clause which says if the property ever falls into the hand of a bumi, it will automatically be a bumi lot. And you will need consent to sell it to a non bumi in future. As long as transactions are between non-bumis then the above do not applies.

This post has been edited by michaellee: Apr 17 2012, 11:48 AM

ya that's wat the developer said, can be transferred. Fyi, the developer is KYK Heights and i'm getting this http://www.kykgroup.com/currentproject.htm

Good sharing, michaellee

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Added on
Hi Vincent, I tumpang your this thread for something related (bumi-lot thing)

Okay michaellee, something to confirm here (I understand that it's sometimes varies from project to project, but in most cases, what is?):
One thing that people said that for a Leasehold high-rise property in KL, under Master Title and is not more than a "certain period(nr. of years)" from the SPA signed date, the chances to transfer the bumi-lot to non-bumi purchaser is very minimal, the case is likely need to be dragged until it's over the "certain period(nr. of years)" (I knew this it was before the State Consent thing abolished, under Master Title), & we put aside first the Stata Title application thing, any inputs?

What about Freehold?

[quote=ecin,Apr 17 2012, 03:14 PM]
[/quote]
Good sharing, michaellee

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Added on
Hi Vincent, I tumpang your this thread for something related (bumi-lot thing)

Okay michaellee, something to confirm here (I understand that it's sometimes varies from project to project, but in most cases, what is?):
One thing that people said that for a Leasehold high-rise property in KL, under Master Title and is not more than a "certain period(nr. of years)" from the SPA signed date, the chances to transfer the bumi-lot to non-bumi purchaser is very minimal, the case is likely need to be dragged until it's over the "certain period(nr. of years)" (I knew this it was before the State Consent thing abolished, under Master Title), & we put aside first the Stata Title application thing, any inputs?

What about Freehold?

[/quote]

I must caveat some of the things I have said. I have zero experience in Klang Valley properties but do have experiences in no less than 6 other states. My experiences so far has been consistent in those states but it doesn't mean it will automatically apply to Klang Valley. I truly have no idea if leasehold would impede a conversion though I sincerely think it would be no. With good runners, I believe everything is possible. However, with some states being passed to the opposition (PAS are okay with it, but I have not dealt with DAP or PKR), I am not sure if MB will sign on those conversions. For Kelantan, estates would need all the excos approval (not even one is allowed to vote against) before the MB will sign the transfer.

Possible. How ?

Go to your state land office and apply.

How about sub-sales houses? Can bumi lot transfer to non-bumi lot?

As per above, yes with consent.

You seem got a lot lobang.

"Yes with consent", "Yes" is the answer, subject to meet the "if with consent" prerequisite/requiremnt.

In KL+Selangor (I've no clue about other states), it can be "Consent of the particular case can take *years to issue, thus the answer is No". It depends, from case to case, from project to project, from time to time, Land Title, etc.

*years - 1 year? 2 years? 5 years? 10 years? 30 years? All are possible. Good luck!

The only lobang I have are my nostrils, ear hole and err.. ok let's not get into it. *wink*

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Added on April 20, 2012, 11:06 pmI didn't know KL/Selangor is that bad. My worst experience is not even 12 months, with most cases done in less than 6 months.

This post has been edited by michaellee: Apr 20 2012, 11:06 PM

2-sided, no absolute bad or not bad.
Subject to prerequisite(s) met, Freehold in KL can also be done in 3 months.

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Added on
For TS's question, direct from developer is simpler, they deal with those works; Like others shared, if the developer side can clear your doubt(s), no issue, just go ahead.

when you guys mentioned there is a minimal penalty/premium to be paid on the conversion, how much is it?
for example a 300k condo in Selangor. how much to convert? thx