Hi sifu, for some reason i decided to buy a leasehold townhouse from a bumi owner (i am non bumi). Developer confirm the unit is not a bumi lot/ bumi reserve unit. So basically this unit will fall under bumi quota. Since the property still under master title, my lawyer told me that I can buy the house. The risk I will face is difficulty in transferring name during starta title is out. Another problem is difficulty selling my unit to another non bumi unless I successfully get my starta title...

1) Can I know other risk other than the above?
2) Is the previous bumi owner able to claim my property?

Sorry for bad english. Thanks sifu

1) Leasehold
2) Master Title
3) Non Bumi Lot / Non Bumi Reserve
4) Bumi Quota
5) Current owner bumi, I am non bumi
6) For own stay at least 5 years and above
7) Townhouse at Selangor

This post has been edited by t3n: Jul 16 2015, 11:13 PM

leasehold master title -- better not.
If freehold and got individual title, go ahead.

I would advice - SKIP

You can ask further from developer whats the Quota percentage for that townhouse development. If Bumi buyers exceeded the Quota percentage imposed by Land Authority, you are safe to purchase it. Better do not rely on their verbal words, get written confirmation from developer.

simple juz don't buy..

don't want any unnecessary problem later

Skip

Leasehold master title....

Better skip

Unless freehold master or strata title is still okay

Mind tell me the reason?

Ive encountered same situation and even my father in law as well.....

If its leasehold strata some how its much more difficult to convert from bumi quota/lot to non bumi compared to freehold strata...

Even some re agent also said the same thing...

what if non bumi and leasehold master title? skip also?

I thought bumi lot cant transfer but bumi quota still have chances to transfer?

This is what my situation now...

then whats the problem... shldnt be a problem what.. now most of the houses in selangor, NS, are doing 50% bumi quotas... some are 30% bumi quotas...
as long as your house are not bumi lot, then i see nothing wrong...

That's why I need some sifu here enlighten me what is wrong with non bumi lot + leasehold + master title... Most of the ppl just say skip but never mention reason haha...

Mind tell me the reason?

the only problem i see here is, if its leasehold master, and if its already more than 10 years master, then bank are not very interested on such property nia.. so meaning are a little difficult to get loan for such property...

for me its fine... if u really like it... and for own stay...

Thanks bro, at least read 1 positive post from someone.. My S&P include "if bank doesnt disbursed loan, owner have to pay back my 10%"...

wah, u sign spa first before knowing ur loan approve or not ah? then who going to pay for ur spa if loan rejected?

For my case Loan approved + signed offer letter from bank already.. My lawyer said, sometimes bank doesnt want to disbursed your loan (for bumi lot case) even though ur loan already approved before this..

i see, if offer letter already signed, then shldnt be a problem... 99.9% success already

Thanks bro, you make me feel better