Apr 17 2012, 10:15 AM
QUOTE(Vincent Pang @ Apr 16 2012, 03:35 PM)
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?
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.I know it's impossible for Malay Reserved Land, wat about bumi lot?
If the unit is unsold, the developer can sell to anyone once the quota is lifted and open for sale to non-bumi.
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