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 Steps of buying a property

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shaniandras2787
post Jun 15 2016, 11:57 AM

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QUOTE(Kilohertz @ Jun 13 2016, 08:18 AM)
Hi All!

I'm planning to buy a new landed property but I have not paid any bookings yet. The agent told me that the developer are actually processing the strata title but that is based on his words only. Is there any documents that I can request to make sure that it is true?
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"new landed property", direct from developer or through a sub-sale transaction?
shaniandras2787
post Jun 15 2016, 04:21 PM

drugged coordinator
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QUOTE(Kilohertz @ Jun 15 2016, 12:51 PM)
Direct from developer.
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The recent amendments to the law has imposed an obligation to the developer to apply and obtained the individual document of title to the property upon the delivery of vacant possession however how effective it this is yet to be seen. The only way to find out is through the developer themselves. The should have a copy of the letter evidencing that the master title has been submitted for subdivision however unless you have committed yourself to the purchase, i don't think the developer will be releasing same to you.

You may try to request same from the agent and the agent may be able to get same from you if he is desperate enough to sell the property.

QUOTE(enriquelee @ Jun 15 2016, 04:01 PM)
Why direct from developer need an agent?
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even direct developer cases has agents selling the properties.

developers don't hang themselves out to sell properties.

 

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