i understand that there is a new strata title act. anyone know anything about this? does it impact the defect liability period at all?
Home Defect Rectification Checklist, After vacant posession! Update With Pics
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 Nov 30 2015, 03:35 PM
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Dec 1 2015, 05:41 PM
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QUOTE(IReallyNeed Answers @ Dec 1 2015, 08:01 AM) if i am not mistaken the new strata title act need the developer to hand over the strata title together or within a 3-6 months period from VP. does this mean that i will have to pay the transfer fees faster?in contrast, old strata title act can be issues after 10years or more!  |
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Dec 2 2015, 12:21 PM
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QUOTE(IReallyNeed Answers @ Dec 1 2015, 06:08 PM) yup. you'll have to settle you MOT with a year from the issuance of strata title so, for investors, this is a heavy chunk. especially in times like these when the sub-sale market is slow..... |
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Dec 3 2015, 04:30 PM
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QUOTE(IReallyNeed Answers @ Dec 2 2015, 12:48 PM) it shouldn't be a burden on investor/speculator as they are the one whom have over the year inflated the price! furthermore, with the earlier issuance of strata title, investor gain more advantages as property transaction is much quicker now. on the other hand, genuine buyers that buy yo stay will suffer the most as having acquire the strata title do not benefit them in anyway, just burden them with additional cost!  |
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