Mutiara Ville@Cyberjaya, Investment??
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 Feb 2 2022, 11:27 AM
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#1
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Senior Member
1,023 posts Joined: Jun 2019 
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Subsale/auction transaction for wound up developer can still be process albeit prolong timeline thus cash purchase are advisable….can refinance thereafter since no longer bonded by 90/120 days timeline
QUOTE(hwahwazai @ Feb 1 2022, 10:57 AM) Developer financial condition seems like in trouble. If the title has not been issued for this project then it will be trouble if developer wind up.  |
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May 11 2023, 10:28 PM
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#2
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Senior Member
1,023 posts Joined: Jun 2019
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Still financeable albeit limited choice of bank, important the developer still exist and/or if in liquidation liquidator already managing the co affair for few years. Expect processing to be longer QUOTE(dattebayo @ May 11 2023, 07:58 PM) interested to find out more about this that means without the strata title, buyers won’t be able to find any financier to fund the purchase? dattebayo liked this post
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May 25 2023, 08:34 PM
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#3
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Senior Member
1,023 posts Joined: Jun 2019
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Liquidator if any will assume the role or if without one then department of insolvency, again subject to limited choice of financier on this kind of property
QUOTE(dattebayo @ May 25 2023, 11:31 AM) I am wondering if developer has gone insolvent aka bankrupt while not yet issuing strata title to owners would deeds of assignment still help? But since developer already bankrupt, how would DOA be any help? |
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Oct 11 2023, 10:49 AM
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#4
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Senior Member
1,023 posts Joined: Jun 2019
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So long the developer & liquidator still around transfer will still be process, again for auction pricing has to be attractive again
QUOTE(BerusGigi @ Oct 10 2023, 06:35 PM) Saw a few units for auction. Wondering whether strata title will ever be issued for this project. For now no issue for me as I am not planning to do a bank loan for it. But later down the road worry will be hard for me to sell the property without the strata title. |
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Oct 12 2023, 11:40 AM
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#5
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Senior Member
1,023 posts Joined: Jun 2019
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Spot on, future buyer will have limitation around bank that offer financing for property above 10 yrs without strata.
QUOTE(BerusGigi @ Oct 12 2023, 06:56 AM) I understand the transfer process is possible albeit might take longer time and cost a bit more money. My concern is more on prospective future buyer on securing loan from bank for a project which vp for more than 10 years but still no individual strata title issued. Of course if the auction price is right, i might still purchase it. |
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