If it is younger than 10 years, not much issue. But if it is beyond 10 years, you will have a hard time letting go of these properties since very few banks would finance these properties - as far as I know, only Ambank and PBB would finance older properties that are still with Master title

So even if you manager to grab one that is 8 or 9 years old, once you want to exit the market will you get the strata title? and if not, will the developer sill be around?

In addition, if the demand is low due to the difficulty to secure loans to buy the properties there, the price will fall. Case in point: Cyberia Smart Homes, RM350k you can get 2k sqft townhouse units

These are the issues that you will face.

This post has been edited by wild_card_my: Jun 2 2017, 02:12 AM

I wrote an article about this not too long ago, take a look. In short, try to avoid these properties... they are not that much cheaper than the ones with master/strata title and you will find it difficult to dispose of them in the future.

https://faizazmi.com/2017/02/16/buying-prop...just-walk-away/

this is normal, especially for older properties. Errant developers who decide to spend the money they should spend on subdividing the lot, into other projects. I wont name names, but some of them are so notorious about this.

Menyusahkan orang

You got it right.

When developer is developing a land or building a high-rise... all units will be based on Master title, and the owners are "assigned" a plot on the master title... (sometimes for landed properties the developers would already subdivide ahead of time but that is a different story)

developers will start subdividing the plots into individual or strata titles after the VP... now they are supposed to do it immediately, but back in the days they can take their sweet time to do so. you want to avoid these properties, especially the ones which are older than 10 years and the developers still havent subdivide the land... if after 10 years they havent subdivided the land who is to say that they will anytime soon?

Dear insurance agent, this is inaccurate.

1. For some developers that have been blacklisted, even if the property is younger than 10 years, some premier banks will not finance them. Why are they being blacklisted? Because of their previous projects that have yet to be given strata title after many years after completion.

2. Also, getting strata is not up to the home owner but on the developer. It's not like you can apply for it on your own. So you can't "get the strata title as soon as possible". You just need to wait, or at best, buy undercon properties from renowned developer or get subsale properties that already have strata or individual titles to begin with.

This post has been edited by wild_card_my: Aug 9 2017, 09:53 PM