Aug 9 2015, 06:03 PM
QUOTE(supersound @ Aug 8 2015, 09:40 PM)
If a property that does not come with proper title, don't buy, simple as that. Nowadays developer don't bother to convert the title as they know people are stupid enough to believe the developer will do the job.
In Seremban, there's a flat that already aged 30 years and yet owners still not getting individual title.
Property that does not have strata title after many years may have difficulties to get loan for new purchasers. In Seremban, there's a flat that already aged 30 years and yet owners still not getting individual title.
but in reality, many properties fall under this category, how can we avoid this?
8-10 yrs to get the strata title is normal is Klang valley.
the delay is to blame our loose enforcement, the irresponsible developers and residents.
Why i said resident also playing a part is many did ignore the notice by developers that when strata title is ready, they need to engage lawyer and paid a sum for the process.
Some developers are smart, they collect those fee upfront, but many residents/ purchaser also don't want to pay 1st....
Some are property flippers, want to sell the house, so drag for few years later only to direct transfer to new owner.
this is the mindset of malaysian.
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