not really, PBT could said that bumi qouta not fulfilled, can only sell to bumi

wait, you guys misunderstood me. I am referring to Bumiputra buyers who bought non-bumi leasehold lot. This is not a matter of of Bumiputra-lot, not all Bumiputras buy Bumiputra-lot from developers.

When a Bumiputra buys a leasehold property, there is a high chance for the state to block the transfer of the lease to a non-Bumiputra down the line.

Agreed, kena this last year bought non bumi leasehold apartment in 2011 but since I’m bumi when I sell to this Singh guy the whole approval process took almost a year (first time rejected then reappeal then get).

In summary if you bumi, better dun buy leasehold non bumi lot if your intention is to sell to non bumi down the road.

In your example, the non-bumi original purchaser bought normal lot or "converted-from-Bumi-lot" (due or developer cannot sell the Bumi lot)?

I went to COVE by Gamuda, leasehold, and the bumi-lots are already set in stone. Unlike Sime Darby's Serenia that uses quota, which means the Bumilot-status is not attached to the property's title.

Leasehold has many problems when transfer of ownership,( inheritance from my sister) took almost 3 years to transfer.. many red tape at government agency due to some land restriction ( I'm guessing similar to N9 restriction now)

paid a lot on Lawyer fees (almost 3x normal tranfer fee) for the tranfer due to complications of transfer.

looks like low cost apartment area?

Sounds good. But any reason not to wait even further? This auction is which round?

In Selangor once ownership change from bumi to non-bumi, u can assume that it will become bumi lot in future transaction.

Bumi or non bumi lot is not endorsed in title, local authority only refer to the current owner (they arent going to dig previous transaction)

Wait if bumi change to non bumi, the non bumi still have to sell back to bumi u mean

Wow. Wait this is even for lots not allocated as bumi lot?

Hey that's the house I am staying in right now..

well not the exact unit, nor the same size.. but I am in Domain 5.

In fact I was asked by the owner to sell this property... How to sell?     

Serious. Studio.. 500+ sq ft la

Actually, the developer (EmKay? MK Land?) not so smart. If Im not mistaken, this unit im staying has 3 rooms! 3!. They use dry wall to separate them.

Marketed to students, but a lot of young execs stay here. Rental is super low.

edit: actually got bigger units here in the cornders.. i checked the plan kecemasan. but dont know how big it really is. couldnt be bothered, this is a horrible place to live in. I wouldn't recommend it to families. There are just 2 of us, so that is OK

Cyberjaya area taking a beating... how low can it go?

Well it depends. You would still need a house to live in right? However there are options that is to rent. Can you answer these questions before buying a house "for own use"?

1. Are you sure you would be staying there for decades to come?
2. Are there no properties for rent that are cheaper in rental than for you to pay for costs associated with purchasing the house? (installment, fire insurance, mortgage insruance, maintenance + sinking fund, etc.)

I am 32, and I am settling down in Dengkil, near Putrajaya. My wife loves working in Putrajaya, and Dengkil is the place where she could take 15 minutes to get to her office. If she lose her job, she can find other locations to work nearby or she doesn't need to work as I can support this small family of 2.

but young people hardly have a good grasp of where they would really want to settle down. Without really knowing, you are just gambling. Who knows you may actually need to move and rent out your property at a loss because you cannot afford not to subsidize your installment without rental income. The "right property" is something you need to discover - you may think you have found it, but circumstances may change and depending on how much you committed to the property, you may be stuck.

My landlord in Cyberjaya is now stuck. The loan outstanding is higher than the realistic selling price. When he bought this property there were only 2 of them, a studio. Unrealistic for them to remain here, so they had to rent it way below their installment + other fees.

If lelong need to check how much the owner owe developer maintenance fees first...

Oh I know that place... gone through it a few times, even misled me into North-south which I didnt mean to take at the time. Quite good location I guess, right next to the north-south. Why has its value dropped so much? it isn't even cyberjaya...

How to know wen gt lelong this prize?