Bumi lot to non-bumi, Bumi lot to non-bumi
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 Apr 11 2013, 06:06 PM
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#1
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Senior Member
5,379 posts Joined: Jul 2009  
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QUOTE(AMINT @ Apr 11 2013, 05:32 PM) 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!! |
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Apr 11 2013, 06:35 PM
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#2
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Senior Member
5,379 posts Joined: Jul 2009
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QUOTE(robertchoo @ Apr 11 2013, 06:29 PM) of course must be hard to trasnsfer between bumi to non-bumi la. Nothing wrong with receiving the discount.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 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. |
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Apr 13 2013, 08:39 PM
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#3
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Senior Member
5,379 posts Joined: Jul 2009
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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.
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Apr 13 2013, 08:44 PM
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#4
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Senior Member
5,379 posts Joined: Jul 2009
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QUOTE(AMINT @ Apr 13 2013, 08:42 PM) 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 BadGood - Less flippers would use Bumi cards to buy low and sell high. Bad - Bumi investors can't cari makan in N9 and johor |
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Apr 13 2013, 08:52 PM
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#5
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Senior Member
5,379 posts Joined: Jul 2009
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QUOTE(AMINT @ Apr 13 2013, 08:48 PM) 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. |
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