timeline for release of 30% bumi lots.
details refer to
http://homefinder.com.my/market-talk/malay...-plain-unlucky/Kuala Lumpur
Quota, 30%
Discount, 5%
Title, Decided by Kuala Lumpur City Council (Dewan Bandaraya Kuala Lumpur)
Release
Stage 1
Construction progress at 50% and all non-Bumi units sold.
Advertised (minimum of three advertisements) in Malay and English newspapers, participating in property exhibitions and other promotions.
DBKL will consider release on a staggered basis on a maximum of 30% of remaining unsold units.
Required to re-advertise for remaining unsold units.
Stage 2
Developer may re-apply when the construction reaches 80% .
Re-advertise and participate in DBKL’s Bumiputera Property Exhibition.
DBKL will consider release on a staggered basis.
Re-advertise remaining unsold units and participate in DBKL’s cluster advertisement.
Stage 3
Re-apply upon completion.
Re-advertised.
All remaining unsold Bumi can be released within six months from the issuance of Certificate of Fitness (CF).
Contribution required, equivalent to the Bumiputera discount.