Normally, banks will need to see that the quit rent has been duly paid prior to drawdown.

This is because they want to ensure that upon issuance of title, the title can be transferred. Without quit rent being duly paid, the land is subject to forfeiture and transfer of strata titles cannot be done.

Hence, to put it simply, you probably can get the letter of offer issued but there will be a problem when it comes to drawdown of your loan.

This post has been edited by jason1986: Sep 19 2016, 04:44 PM