Dec 15 2018, 04:54 PM
QUOTE(AskarPerang @ Dec 12 2018, 01:31 PM)
Yes, this is a known issue. Leasehold property. Bumi buyer bought from non bumi via subsale. Still under master title. Will be converted into bumi lot by the developer. To fulfill bumi quota. This one is a norm case happening everywhere actually. All developers doing the same thing.
But is it happening to leasehold property that already got individual strata title? Bumi buyer bought from non bumi an obviously non bumi lot. The local authority self imposed bumi restricted later on to the initially non bumi unit?
In Selangor once ownership change from non-bumi to bumi, u can assume that it will become bumi lot in future transaction. But is it happening to leasehold property that already got individual strata title? Bumi buyer bought from non bumi an obviously non bumi lot. The local authority self imposed bumi restricted later on to the initially non bumi unit?
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)
This post has been edited by kb9: Dec 19 2018, 03:02 AM
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