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Investment TWINZ RESIDENCES @ JALAN PIPIT, PUCHONG [OT], A brand new residential by YGS

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AskarPerang
post Aug 7 2021, 02:38 PM

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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.
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Only able to answer your first question.
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.
gcheelim
post Aug 7 2021, 06:26 PM

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QUOTE(AskarPerang @ Aug 7 2021, 02:38 PM)
Only able to answer your first question.
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.
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Thank you for your time to reply bro. Appreciate it.
AskarPerang
post Sep 4 2021, 02:35 PM

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AskarPerang
post Dec 27 2021, 12:24 PM

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Big drastic drop in lelong unit here.
Good job. thumbsup.gif



AskarPerang
post Jul 28 2023, 08:25 PM

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Wow. What a long time didnt have lelong unit from here.
After previously got many lelong units. Seems to flush out those that not able to hold.

Anyway, got a lelong unit sold at high price now today.
1226sqft unit.
From 396K sold at 474K.
Much higher than last month reserve price but nobody interested during that time. As usual.

Good catch?


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AskarPerang
post Sep 25 2023, 11:15 PM

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Lelong unit sold today.
1027sqft.

Reserve price 317K,
sold at 412K.
Good catch?


Last round reserve price was at 352K but nobody interested.
And previous previous round reserve price was at 391K but nobody interested.
As usual.


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d-realm
post Sep 26 2023, 12:26 AM

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QUOTE(AskarPerang @ Sep 25 2023, 11:15 PM)
Lelong unit sold today.
1027sqft.

Reserve price 317K,
sold at 412K.
Good catch?
Last round reserve price was at 352K but nobody interested.
And previous previous round reserve price was at 391K but nobody interested.
As usual.
user posted image
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Last round RP was 396k, direct drop 20% to 317k
xxx2299
post Nov 10 2025, 09:31 PM

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For this TWINZ RESIDENCES @ JALAN PIPIT,
is the strata title issued ? Tq

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