I buy one new house at puncak alam.. Leasehold-bumi. My lawyer said both leasehold and freehold have the same condition if under bumi title. Every State have their own condition if fall under bumi cateria.
Bumi Lot
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 Jul 9 2015, 12:19 PM
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Jul 9 2015, 05:20 PM
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QUOTE(wild_card_my @ Jul 9 2015, 01:23 PM) What is this "same-condition" that you are referring to ya? The first thing I ask when buying a bumi lot about selling. He said lease or free, both can be sell to bumi only. |
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Jul 10 2015, 10:32 AM
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QUOTE(wild_card_my @ Jul 9 2015, 09:55 PM) I have helped securing loans for purchases in Selangor where the houses were originally bought as bumi lot and they were sold to non bumi. In selangor, the "bumi"-ness is not attached to the title. Can check your own titles just to be sure. I think in the s&p state something in ownership if change hand.. The lawyer said, i think everyone knows this.. In slgor need to approve by menteri besar. Its the law, but i think the representative of m.besar in charge. |
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