Is it leasehold of freehold? Is it in Selangor and WP?

If it is freehold, then no issue at all as bumi lot in these states are just for the discount quota. Once owned by a bumi it can be freely transferred to another person without any issue.

For leasehold, on the other hand, is a little tricky. Regardless of the "Bumi lot" status of the property, once a leasehold is owned by a Bumiputra, it can be difficult to transfer it to a non-bumi, as per what I was told. This is because leasehold properties require state consent, and it is up to their discredion to allow the transfer or not.

In states like JB and Negeri9, the "bumi lot" is part of the title. Hence bumi lot properties in these areas have a 20% deduction in MV based on what my valuers tell me.

Correct me if I am wrong, as no one is 100% right.

edit: mistakenly write "Freehold" when I meant to write "leasehold"

This post has been edited by wild_card_my: Jul 8 2015, 02:09 PM

Then no problem. Once bought, even by a bumi as a bumi lot (for the bumi discount), the bumi owner can let it go to anyone, bumi or otherwise

Yes, if it was a bumi/non-bumi lot freehold in Klang Valley, no problem to let go to anyone. You don't need anyone's permission/consent. Like I said, in Selangor and KL, the "bumi-lot" status is not attached to the title. The only difference is if the property is freehold (free to do anything you want) or leasehold (read below)

The problem with leasehold is that, you ALWAYS have to ask for consent, no matter if you are bumi/non-bumi OR if the property is bumi/non-bumi lot. According to my lawyer, about 80% of the case for a leasehold property transfer between bumi to non-bumi fails to get consent. I didn't ask about the chances of success for a leasehold property transfer between non-bumi to non-bumi OR non-bumi to bumi. But I think the chances would be better than 80% failure rate for bumi to non-bumi transfer.

The land office is just looking after some people's interests i guess

disclaimer: I am not a lawyer, please do clarify with them and my advice and opinion cannot be held as facts. If you need a good lawyer for S&P let me know. Don't use the real estate agent's lawyer since you do not want your S&P lawyer to be in cahoots with the agent. The lawyer should protect your interests, not theirs.

This post has been edited by wild_card_my: Jul 8 2015, 02:25 PM

Thanks for the correction. Are you referring to Master title Leasehold or Freehold or both? So if Master title, bought as Bumi lot with Bumi quota... bumi owners can't transfer to non bumi until the master title has been sub-divided? I will have to learn more about this.


Perhaps this apply to mastertitle units which have not been subdivided into individual titles as well. Is that correct, Alvinyeo?

Does it already have an individual title or is the parcel of land still under master title?

Understood, thanks for the update. I learned something new today.

Yeap, should be good!

What is this "same-condition" that you are referring to ya?

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.

As mentioned before, in Selangor if it is leasehold bumi lot or non-bumi lot, transfers will always require state consent. But you mentioned that the land was freehold? I can't comment more without looking at the S&P