QUOTE(gcheelim @ Aug 7 2021, 11:31 AM)
From your above comments, am i right to assume that only developer can change the status from BUMI to NON BUMI for the purchaser?
And developer is likely to swap one of the NON BUMI lot (with BUMI residing) with this BUMI lot which is won through auction. Is that correct?
And lastly, assuming the purchaser of this BUMI lot succeeded to change the status to NON BUMI, does he still need to reimburse to developer (or any relevant party) the 7% discount given to BUMI lot?
I have been hearing from an auction guru on fb that there is no problem for a NON BUMI to bid for a BUMI lot and i always been skeptical about this.
Only able to answer your first question. And developer is likely to swap one of the NON BUMI lot (with BUMI residing) with this BUMI lot which is won through auction. Is that correct?
And lastly, assuming the purchaser of this BUMI lot succeeded to change the status to NON BUMI, does he still need to reimburse to developer (or any relevant party) the 7% discount given to BUMI lot?
I have been hearing from an auction guru on fb that there is no problem for a NON BUMI to bid for a BUMI lot and i always been skeptical about this.
Yes if the property is still under master title, developer still got the power to switch around the bumi lot allocation. Many older property still stuck with master title coz developer oversold and not able to meet the bumi lot quota.
leelianeik if able to share whether any additional cost need to pay? Real case study.
And for your last question. No, is not possible for non bumi to bid for bumi lot unit. The auctioneer will reject if a non bumi register for a bumi lot unit. For some banks, even your represented agent (to bid on behalf) must be bumi if you are buying bumi lot unit. Non bumi agent with authorization by bumi buyer is not allowed to bid on behalf.
Aug 7 2021, 02:38 PM

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