.. I have a question, if i managed to sell my leasehold, less than 5years condo to a non-bumi, will the unit become a non-bumi lot, or will it remains as bumi lot? I did a huge mistake by buying this bumi lot.

u can't sell bumi lot to non-bumi very difficult one. Need to go to land office to change the status.
Good luck.

As i know it can be done, but the process very difficult and will take very very long time.....good luck on this

+1 It can be done.But you have to provide evidence that you have been trying hard to sell to bumi and could not sell. But non-bumi die die wanna buy your house. Also show that you already bought another house to live and could not sustain by paying the installments for both. Write this in a letter.

However do take note if you have multiple houses, they wont layan you. so u have to be smart.

I agree with AMINT's point and have to be smart.

Or can say that you really need the money from the transaction to support your/your family's medical bills. But Im not sure whether they will ask for prove by submitting the medical bills or not.

+1 yes can. We bought over a bumi lot before. 1 year to wait. As mentioned above, the owner needed the money for his chemotherapy.. cant sell the house to bumi as no buyers at the price.. furthermore we buying by cash.. so no need scared bank loan not approved..

the owner had to provide a lot of evidence that indeed he has cancer and needed the money to treat his condition..

as far as i know, medical reason to sell is the highest rate to get approval..

i must give a +1 lar, because i am one of the non-bumi who is buying a bumi leasehold property now....

good luck to me.

yeah medical reason can get the highest but how to use that if really dont have any health issue? anyway, i pity the previous owner that you mentioned. maybe he truly needs the money. i hope he is doing ok now

he is doing ok this was 5 years ago~
we could buy cash coz the houses then was still cheap..


we just bought another landed unit in Puchong.. not a bumi lot.. but a malay owner.. took 10 months to transfer.. getting the consent was a terrible wait.. even its not a bumi lot, the owner had to state reasons to sell the house and with approve to his claims.. the land officer said even though not bumi lot.. its in bumi quota..

freehold is much easier..

I am buying a house from Bumi owner also lately. Even the title is not malay reserved nor bumi but the 1st application was rejected. Now seller appealing to land office stated that he need the money for his retirement fund as he already 60 plus.

me too the same story..
the old Malay owner go back to kelantan for retirement and sold his KL house.

Headache...headache. I'm a Malay. Never bought a bumi unit/lot in my entire life. Got 2 apartments, 1 condo, 1 semi-D. All international lot.

Bumi lot is a curse!

+1 i have the same thinking as u. It is a curse

if under malay reserve land....cannot change the title even u paling best can change name

Ironic huh?

Ya lor. Niat sebenar mau tolong tapi end up as a curse. Aiya

Might as well cancel this bumi lot thing. If have money buy...no money don't buy. Simple economics.

I'm currently working in JB until this August, then go back to KL where I belong. Situation in Johor damn worst than KL. Bumi unit allocation is 40% of total development. Buying power of bumi in JB is the weakest I believe. All bumi lot goes unsold until developer release. Sultan Johor also cannot do anything about this maa..

But me from KL BBB.....

OMG. 40%?!!! What the heck. Ya i agree. Just cancel la this bumi lot and malay reserved. If really wanna help just give bumi discount enough

Amint I like your way of thinking, very "1 Malaysia"
If u r a politician, I will vote you!!

kekeke. unfortunately, i dont dream of being a politician. Just wanna invest and make money.

Yup. Thats y they say its ironic that the purpose to protect the malays now become the same thing that limits them. they cant sell out the house easily and they cant develop the land they have if its malay reserve.

of course must be hard to trasnsfer between bumi to non-bumi la.
in fact, i think the current process is too easy. they should make it harder.
maybe send someone over to audit the seller and his family and determine that he really needs the money before allowing to transfer to non-bumi.
otherwise its a loop hole that every bumi can buy at 7%-10% discount then flip for a higher profit upon completion of property

Nothing wrong with receiving the discount.
If u r eligible to get those discount, it is stupid not to enjoy it.

It is the policy maker's problem to implement such discount not based on the needy for example those from poor, instead, discount given to your skin color and religion even for luxurious property above 1mil.

Nothing wrong with receiving discount?
You must be kidding me.
There is no such thing as a free meal in this world.
Everything must be earned.
Otherwise no need to work, just sit at home, borrow money from the bank to buy as many property as possible (with bumi discount) then flip upon completion (at market value)
Money drop from the sky?!?!?

This post has been edited by robertchoo: Apr 11 2013, 06:39 PM

I dont think that was what cheahcw2003 meant. What he meant was if eligible to receive any discount, it would stupid if a person doesnt take it. But seriously, our politicians should look back into all this. Check out rimbayu why bumi quota still a lot but non bumi kering kontang during the launch. The bumi lot and malay reserved are not helping the non bumis and bumis.high income bumis also increasing and mostly take into consideration of feng shui, place of worship vicinity and 1 race place. Just my 2 cents.

This post has been edited by AMINT: Apr 11 2013, 06:50 PM

Actually that is what will happen if the gov intervene. It creates a distorted market.
The best way is to abolish all sorts of race based discounts.
That way, its open to a free and fair market.

Just to tumpang this thread, what does it mean when the developer "releasese Bumi lots for sale"? Does that mean it will be converted to international again and I can buy without worry?

Lets see what lies ahead. I know a lot of bumis will oppose to this. But maybe becoz they r not wearing the bumi investor shoes.

This one u need to be careful. Some developer release as international units while some still bumi but released to non bumis while still bearing bumi unit. I have seen both. How to check? U have to ask the developer. In the snp also should state any restrictions if bumi unit still.

This post has been edited by AMINT: Apr 11 2013, 10:48 PM

Thank you!

+10

Totally agree with u

Landed or Strata property ?

Issue title already ?

From what I understand, if the construction is completed and those bumi units are not sold yet than developer can request to release the bumi lot by converting the title to international unit. Have to meet the Menteri Besar ask for his signature and then can convert. After convert, non-bumi can buy oledi.

This is true. However, there are some cases developer released even before asking YB's signature. They release first and later ask. Thats why snp got restrictions at first

hi hunks.
I thought when a bumi buys a non-bumi lot, the lot will still be made to be (or considered to be) a bumi lot?
and as what I heard, in Selangor, some developments' bumi quota has gone up to 60%... :-O and developer have to pay the government that 7% in order to release bumi units... wonder if that makes sense to you all.

Anything can happened in Bolehland....the policy is not healthy. It should help the poor irregard they are from where and who. Then we will get a true "MALAYSIAN".

In Johor, bumi discount is as high as 15%, the catch is bumi units cannot be sold to non bumi within 5 years and this rules apply to Freehold property as well.

Yeah, different state different rules. In negeri 9, bumi lot gets 7% buttttttt no way can sell to non bumi without consent even though freehold. Here, bumis also most not interested to buy bumi lots for investments. Own stay no prob

Good and Bad
Good - Less flippers would use Bumi cards to buy low and sell high.
Bad - Bumi investors can't cari makan in N9 and johor

Ya lor. I was about to buy a shoplot until i knew the bumi lot. Agent never told me. Adui. Luckily i checked with local authority and confirmed with developer.

It is ok, we have 13 states + 1 WP.
Minus out N9 and Johor, u still have many states can cari makan.

i read somewhere that when you sell bumi lot to non bumi, you had to refund the bumi discount, but when i asked few lawyers, they did not aware on this....anybody has experience in this?

Anyone knows a good lawyer in JB who can help convert bumi lot to non bumi?