i'm looking at 1 bumi lot condo, freehold. location at bukit jalil.
the agent told me that they can convert the bumi lot to non-bumi lot. but i have to pay 3% refundable deposit first.
is this possible? i never heard of this before.
thanks!
buying subsale bumi lot, freehold condo
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Sep 28 2013, 09:36 PM, updated 13y ago
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#1
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Junior Member
518 posts Joined: Mar 2006 |
hi guys,
i'm looking at 1 bumi lot condo, freehold. location at bukit jalil. the agent told me that they can convert the bumi lot to non-bumi lot. but i have to pay 3% refundable deposit first. is this possible? i never heard of this before. thanks! |
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Sep 28 2013, 09:43 PM
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4,790 posts Joined: Dec 2008 |
QUOTE(ryei @ Sep 28 2013, 09:36 PM) hi guys, Hi... dont try...dont because of RM15 cheaper and eventually you lost of RM100 for nothingi'm looking at 1 bumi lot condo, freehold. location at bukit jalil. the agent told me that they can convert the bumi lot to non-bumi lot. but i have to pay 3% refundable deposit first. is this possible? i never heard of this before. thanks! |
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Sep 28 2013, 09:45 PM
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#3
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518 posts Joined: Mar 2006 |
QUOTE(cutealex @ Sep 28 2013, 09:43 PM) thanks for your advice cutealexi have asked the agent the put in a condition as "if they can't perform the transfer of bumi lot to non-bumi lot" within 30 days, i will get back my 3% deposit. but they havent come back to me yet. is that ok? |
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Sep 28 2013, 09:56 PM
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#4
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4,790 posts Joined: Dec 2008 |
QUOTE(ryei @ Sep 28 2013, 09:45 PM) thanks for your advice cutealex Haha...if look at your statement above, apparently you know nothing and trying to put an non-sense clause.i have asked the agent the put in a condition as "if they can't perform the transfer of bumi lot to non-bumi lot" within 30 days, i will get back my 3% deposit. but they havent come back to me yet. is that ok? Perhaps you may think i am harsh but just to guide you. "Impossible they can confirm and transfer to you within 30 days". This post has been edited by cutealex: Sep 28 2013, 09:57 PM |
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Sep 28 2013, 10:12 PM
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#5
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QUOTE(cutealex @ Sep 28 2013, 09:56 PM) Haha...if look at your statement above, apparently you know nothing and trying to put an non-sense clause. not transfer to me within 30 days. is to let me know whether can transfer to non-bumi lot or not within 30 days.Perhaps you may think i am harsh but just to guide you. "Impossible they can confirm and transfer to you within 30 days". |
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Sep 28 2013, 10:21 PM
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#6
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4,790 posts Joined: Dec 2008 |
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Sep 28 2013, 10:59 PM
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#7
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QUOTE(ryei @ Sep 28 2013, 09:36 PM) hi guys, Most important u need to check whether strata title is out already or not? Coz since it's freehold, I believe shld be able to transfer.i'm looking at 1 bumi lot condo, freehold. location at bukit jalil. the agent told me that they can convert the bumi lot to non-bumi lot. but i have to pay 3% refundable deposit first. is this possible? i never heard of this before. thanks! If still under master title, developer might not give consent to transfer from Bumi lot. |
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Sep 28 2013, 11:26 PM
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#8
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1,216 posts Joined: Mar 2009 From: Cut Throat Land |
QUOTE(ryei @ Sep 28 2013, 09:36 PM) hi guys, not possible la...i'm looking at 1 bumi lot condo, freehold. location at bukit jalil. the agent told me that they can convert the bumi lot to non-bumi lot. but i have to pay 3% refundable deposit first. is this possible? i never heard of this before. thanks! anyway, you can try and let us know. |
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Sep 29 2013, 12:15 AM
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#9
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20 posts Joined: Jul 2013 |
Freehold got possibility to transfer but leasehold impossible to transfer unless get signature from somebody. If strata title out already, should do double transfer, 1st transfer to bumi then only can transfer to non bumi, only for freehold property. However, this also depends, not every time also success. Good luck to u..
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Sep 29 2013, 04:41 AM
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535 posts Joined: Apr 2012 |
i had some experience , it can be done , need to wait 3-4 mth for state consent + after consent approval need to top up 7% of the purchase price.Can appeal for waiver (not 100%) take 1-2 years.
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Sep 29 2013, 06:34 AM
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1,423 posts Joined: Aug 2012 From: Kuala Lumpur |
Leasehold not need to try, will be rejected. Freehold can try but most of the time need to appeal after 1 time rejection...
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Sep 29 2013, 07:33 AM
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1,275 posts Joined: Jul 2013 |
QUOTE(cutealex @ Sep 28 2013, 09:43 PM) +1My friend encounter same situation before, ended up he not able to transfer too. Why all the hassle? Is there no other property out there? Die die must this one? Just my personal opinion, I think not worth the risk. Good luck. |
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Sep 29 2013, 07:58 AM
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157 posts Joined: Sep 2013 |
How do check whether you are buying a bumi lot? If the owner is a bumi is the house automatically bumi lot?
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Sep 29 2013, 10:07 AM
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1,423 posts Joined: Aug 2012 From: Kuala Lumpur |
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Sep 29 2013, 10:36 AM
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180 posts Joined: Dec 2011 |
So a bumi buyer gets bumi discount, is the lot automatically called bumi lot?
I have a friend who bought with the discount, and is having a hard time trying to sell off now as the potential buyers are all non-bumi. He said according to the land office, he may have to 'return' the discount, but I have no idea how this can be done and to who. I'm a bumi and didn't get any bumi discount for my two houses. So hopefully I won't encounter such problem if I want to sell one day. |
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Sep 29 2013, 10:41 AM
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3,334 posts Joined: Mar 2011 |
Don't try. It will be nightmare if can't be done
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Sep 30 2013, 04:18 AM
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35 posts Joined: Sep 2013 |
Heard that complicated, timing n luck....not worth a try as my stand point.
Good luck. |
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