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Risk of Bumi Quota, Non Bumi Lot
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Cabinda
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 Jul 16 2015, 10:58 PM
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QUOTE(max_cavalera @ Jul 16 2015, 10:55 PM) 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? |
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Cabinda
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Jul 16 2015, 11:10 PM
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QUOTE(t3n @ Jul 16 2015, 11:06 PM) 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... |
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Cabinda
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Jul 16 2015, 11:17 PM
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QUOTE(t3n @ Jul 16 2015, 11:12 PM) 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... 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... |
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Cabinda
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Jul 16 2015, 11:22 PM
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QUOTE(t3n @ Jul 16 2015, 11:21 PM) 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? |
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Cabinda
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Jul 16 2015, 11:30 PM
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QUOTE(t3n @ Jul 16 2015, 11:27 PM) 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 |
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Cabinda
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Jul 16 2015, 11:34 PM
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QUOTE(t3n @ Jul 16 2015, 11:32 PM) Thanks bro, you make me feel better  dont happy too early... our housing policy will always change... who know in future they imposed 70% quotas... since they can go from 30% to 50% |
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Cabinda
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Jul 16 2015, 11:42 PM
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QUOTE(t3n @ Jul 16 2015, 11:36 PM) They are killing the developer lol... Btw if not mistaken Selangor still 30% quota right? Rehda said it supports Putrajaya’s initiative for a 30-per cent Bumiputera quota, but some local councils such as in urban areas such as Petaling Jaya and Subang Jaya are arbitrarily raising this to 50 and even 70 per cent. - See more at: http://www.themalaymailonline.com/malaysia...h.qt85gx8v.dpuf |
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