Hi all,

Buying subsale home.

Leasehold.

Individual title.

How early can get formalities done from the day sign S&P.

Need to move in ASAP..

I think the fastest is 90 days.
If the current owner dont mind, you can kawtim to get the keys earlier.

move in as tenant while waiting for s&p to be stamped.

Standard procedure is 90 days or upon receiving full balance from the bank to the seller.

Need to get consent since its leasehold. most probably 6 months

+1
or more than that is considered normal, arrange with landlord rent it first

U r paying cash or loan? it will makes diff on the period of process

Without loan earliest should be 4months

With loan should be 6months

How to become a high income country in 2020 with this kind of working efficiency?
Can they do it more efficiency, shorten the time?

Malaysia is like that lor...what to expect

shorten our life ................ calm down, don't get mad too often .... lol

Compared to other country, here relatively have more government servant, really hope that they can shorten the time of process, maximum 5 months for leasehold, 2 months for freehold!

Getting 90% bank loan la.

Often confused.

Y everyone says leasehold transaction will take minimum 6 months?

But the S&P says 3 + 1 months, where vendor will charge me 8% interest per annum after the 90th day? So should I anticipate to pay interest for the remaining 3 month?

If I am not mistaken, your 3 +1 months starts after you have obtained consent from the relevant authority. The time to get consent could take up to 3 months and hence, 3 months (to get consent) + SPA terms of 3 months = 6 months. I may be wrong though.

Yes

It's true but there are a lot of probabilities given different answers.

It is also depends on who is the developer ( if master title ), who is the S&P lawyer, whether the lawyer has the runner to deal with the land office and also depends on the land office of which district and state.

If the individual leasehold title had released some time ago, then the consent might be faster. But don't ever hit by subsale of where the individual title / strata title just release recently or at the same time and it will takes you much longer time than 6 months.

If the property is still under master title, it is not necessary to wait until 3-6 months but can be done within 2-3 months like Freehold property, but this subject to developer's letter of confirmation of sale as well as land office.

I see.. My case seems the current owner has gotten the title like 4 months ago.

Expect delay?

Earliest ever experienced (Without Loan = 3 Months)[Consent took only 3 weeks]

Latest ever experienced (With Loan = 5 Months)[Consent took around 2 months due to public holiday]

Personal experience:

Earliest : 3 months

Longest : After 1 year waiting, decided to tell the seller not going to buy and get my 10% down payment back.

Can tarik diri that easily meh?

And how much money you burnt paying the lawyer?

The sales agreement stated 12 months to complete the trasaction from the date deposit is paid.

As the delayed is not our fault, the owner agreed to give us back the deposit without any hassle.

Can't remember how much I have to pay the lawyer, maybe a few hundreds RM.