Hi all, I found a nice property (first time buyer) at Kelana Puteri, so I applied for the bank loan for several banks, which was rejected. According to them I have good credit, but they said the reason my loan was rejected was because the property valuated was deemed "unacceptable" due to the fact that the strata title has not been transferred from developer to owner, and it has been 10 years. One of the bankers went on to mention that no bank will approve the loan due to this fact.

Has anybody else faced this problem, and how did you overcome it?

Appreciate your reply and effort.

Should be for the whole building. Let me revert back to you.

Hi all, thank you for all the help so far. It's really helpful to know all these things.

The condo was purchased in 1997 with no strata title. Am not sure why other units in that condo could be purchased. Bank has mentioned that had I applied for other property, it would be approved as my credit rating is good.

So yes, I'm assuming it's because they blacklisted the developer?