QUOTE(areankim @ Oct 8 2018, 09:36 AM)
Exactly my situation where
1) Leasehold, Starta, Developer very alive, Location Selangor
2) Starta issued, owner nv do perfection of transfer(reason: if want to sell no need do laaaaa)
Now I'm stuck to buy or not
1) If allowed direct transfer, higher cost on me
2) Not allwed direct transfer, so have to do double transfer,pocessing time gonna be very loooooong...
Was told, double transfer only applicable to freehold, leasehold has to wait 1 after another
1) Leasehold, Starta, Developer very alive, Location Selangor
2) Starta issued, owner nv do perfection of transfer(reason: if want to sell no need do laaaaa)
Now I'm stuck to buy or not
1) If allowed direct transfer, higher cost on me
2) Not allwed direct transfer, so have to do double transfer,pocessing time gonna be very loooooong...
Was told, double transfer only applicable to freehold, leasehold has to wait 1 after another
QUOTE(hanhanhan @ Oct 8 2018, 10:42 PM)
1. direct transfer charges is borne by seller, not buyer
2. yes, double transfer only applicable to property without restriction in interest (sekatan kepentingan). doesn't have anything to do with freehold/leasehold.
Developer2. yes, double transfer only applicable to property without restriction in interest (sekatan kepentingan). doesn't have anything to do with freehold/leasehold.
1st buyer = current owner
2nd buyer = new buyer
As my understanding,
Direct transfer if developer allow, is from developer can transfer name direct to 2nd buyer. So indirectly the 1st buyer save up the MOT cost.
Double transfer (if developer doesnt allow direct transfer), is need to complete the strata title perfection process from developer to 1st buyer. Then after that from 1st buyer to 2nd buyer.
Applicable to freehold and leasehold property. Same scenario as above.
Is that right?