Omigod.. a lot of wrong information on this thread. Before Strata Title Act 2007 (amended), a lot of developers have excuse if they do not complete the entire project as they cannot apply for strata title until everything is complete. Since the amended, strata titles can be issued in stages of the projects.

Prior to the issuance of strata title, you can transfer the property using assignment and reassignment. Banks would normally get you to sign a reassignment and to issue them a power of attorney. Basically, the land office is not involve in this exercise. So developer consent is needed for all transfer. I have seen a lot of fallacies in this forum where people get confused with leasehold and properties that have yet to be subdivided or stratafied.

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Added on March 17, 2011, 10:59 pmFirst of all, if you have or at least attempt to have good relationship with the developer, they would have agreed with the direct transfer. It makes no sense for them to make you pay 2x the transfer fees and hence 2x the stamp duties as long as the previous vendor undertakes to indemnify the developer. I have personally done no less than 10 cases of LACA auction where some of the settlement must be within 90 days. My banker even dares to take the risks of undertaking the developer should the entire transfer f*rks up. Seriously, there is nothing too difficult about the entire process.

Once upon a time, I managed to buy a LACA property darn cheap and less than 7 days after the auction, I sold the property for a handsome profit. I sold this to a lawyer who understands the process and what we did was a "conditional SPA", of which I to get the title registered first then sell off as it was a LACA. But for me to register it to my name, I need to get the developer to transfer the title to my name from an assignment of the previous owner who has jalan kaki. The whole process took about 6 months from auction to the transfer to the new owner.

This post has been edited by michaellee: Mar 17 2011, 10:59 PM