Hi guys,

2 months back I bought a unit at Selangor. I talked to my lawyer several times and she is unable to determine when is the first transfer will be done. She only telling me that the first transfer is on going and the seller is pressuring her lawyer to settle with developer side.

Anyway the property is under master title and in a midst to transfer to strata.

Any way to fasten the progress?

Hope anyone can enlighten me.

Thanks.

does your property have a restriction in interest?

I don't think so.
Now is waiting for the first transfer MOT then only my lawyer can execute my snp.
Is there anything I can do such as call any land office hotline to chase for the progress?

Not really.

strata title extraction usually 1-2 months.

ur best bet would be to just pressure the lawyer so that they can send their runner to check whether it's extracted or not.

if u want to check urself, ask for a copy of the presentation slip. you can check the status online.

[quote=hanhanhan,Sep 7 2017, 01:19 PM]
[/quote]

Not really.

strata title extraction usually 1-2 months.

ur best bet would be to just pressure the lawyer so that they can send their runner to check whether it's extracted or not.

if u want to check urself, ask for a copy of the presentation slip. you can check the status online.

[/quote]


Thanks bro

Double transfer usually takes long, if it's a leasehold property with restriction of interest.

It's under master title but you did not mention whether it's freehold or not?

It's leasehold.. subsale..
Now is doing transfer MOT from developer to vendor then only second transfer from vendor to me..
As I know perfection transfer/charge already sent to vendor and now in the progress..
Just wondering how to quicken the progress beside pressuring the developer lawyer for first transfer..

So meaning that if a property is:

Still under master title but in the middle of transfer to strata, need to do double transfer in order to buy/sell the property?

If it is
Still under master title but no process of transfer to strata yet, then this is a straight forward case as compare to the first scenario?

Am I correct?

Yes bro..
Need double transfer to buy and sell the property. some
Said need wait longer than 2months some said maximum up to 6months for first transfer..
Really in dilemma now..

MOT from developer to Vendor may take up to 3 to 6 months if a blanket consent for 1st transfer was NOT obtained by the developer initially.

Leashold Selangor means a State Consent case.

You can be looking up to 1 year for the transfer to be done to reach your side.

You can pressure all you want, but in the end, it's the Land Office who determines how fast they approve the application to consent for transfer.

Sad to say, if leasehold, Selangor and got restriction in interest + Title still developer name and can't double transfer, you're looking at a painful process.

Master title can be transferred to either Individual or Strata.

Problem with this case is, master title still belongs to developer. Not yet transfer to Strata to the Vendor.

Since it's leasehold, it might take a longer time.

If developer allows direct transfer ( dev bypass vendor ), then process is indeed faster.

chiahau what does vendor mean here? a 3rd party?

Many properties in the market still under master title. So better to check whether the title is still hold by developer or already transfer to "vendor"? Is that correct?

Sorry for my noob question.

Vendor = Penjual = Orang yang jual property to you.

Purchaser = Pembeli = You

Master title held by developer is no problem one ( Unless Dev bankrupt or under receivership ). Now under new strata act, 6 months after issuance of Strata, must transfer d or will kena fine or what.

Held by Developer for subsale case also no problem ( Providing it's freehold or developer give consent for DIRECT TRANSFER )

Double Transfer = Developer => Vendor => Purchaser.

Direct Transfer = Developer => Purchaser.

If you're buying a Selangor property and it's leasehold, better to have the title transferred to the Vendor before proceeding. If not later wait over 1 year, leceh la.

Leasehold Property & Restriction of Interest = Need to go thru Land Office for Consent. Usually delay at here coz Land Office needs time to work.

This post has been edited by chiahau: Sep 10 2017, 10:37 PM

Restriction of interest isit can be found at my SNP with the vendor?

There's a restriction clearly stated
"Tanah ini boleh dipindah milik plusplus...."
So I tot no restriction of interest..
Sadly to admit I am totally not aware on this delay and really need to consider this point before make any purchase..

okay understood. thanks for the explanation.

just completed a purchase of a selangor leasehold property. still under master title. done and dusted within 3 months. I think should be direct transfer in this case. didn't really check with the lawyer about the process. only know the end results.

See the result for land search.

Sometimes it's like :

Tanah Ini hanya boleh dipindah milik dengan kebenaran something something.

SPA usually don't have the details.

Coz can direct transfer and the consent was given pretty quick or a blanket consent was applied by the developer earlier.

Normal SPA within 2.5 months to 3 can settle d. Leasesold sometimes need see luck. Dapat bad luck then susah.

Thanks for your value feedback

Hi ..i need help..how about my case.. I already have STRATA title and blanket consent that stated "telah meluluskan pindah milik dr pemaju kepada pembeli pertama" (owner)

Can i sell my property now? Because i already have blanket consent and strata but GERAN still under developer name but im in the process to transfer to my name.

You can always sell your property.

But if you read the blanket consent, it was for the first buyer only. Second buyer may have to apply for consent if it’s a leasehold or whatever property with restrictions.

If developer does not approve, you still have to do double transfer in that sense.

Ooo..ok.. By now my lawyer inform me that they in the process of doing MOC.. or Perfection Of Transfer and Charge.

Memorandom of Charge ..is process to put my name+BANK dekat GERAN?..so MOC is a process before submit MOT at PTG..Betul ke?

judging from what your lawyer said, developer does not allow direct transfer.

so means you have to transfer the title to your name (MOT) and gadai to the bank (MOC) first.

once that's done, then only you can apply for consent to sell (to the buyer).