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Buy the house with strata title or without?
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TSfun_feng
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Oct 23 2017, 12:47 PM, updated 9y ago
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Hi all, I am looking at 2 houses of the same housing project. Assuming that both houses have the same price and condition. House A have strata title, but house B do not have and does not intend to get since he is selling. Which house should I get? I am under the impression that since House A already have the strata title, I do not have to pay that hefty sum imposed on the Memorandum of Transfer (MOT). Is this true? https://www.hba.org.my/articles/iprop/transfer.htmThanks
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jetwash
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Oct 23 2017, 12:53 PM
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House A lah. But I don't think at the end the cost will be that much of a difference.
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winner
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Oct 23 2017, 02:02 PM
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QUOTE(fun_feng @ Oct 23 2017, 12:47 PM) Which house should I get? I am under the impression that since House A already have the strata title, I do not have to pay that hefty sum imposed on the Memorandum of Transfer (MOT). Is this true? It’s wrong. Regardless of whether the property has obtained strata title or not, you (as the buyer of second hand property) need to pay the stamp duty on MOT.
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lifebalance
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Oct 23 2017, 03:22 PM
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QUOTE(fun_feng @ Oct 23 2017, 12:47 PM) Hi all, I am looking at 2 houses of the same housing project. Assuming that both houses have the same price and condition. House A have strata title, but house B do not have and does not intend to get since he is selling. Which house should I get? I am under the impression that since House A already have the strata title, I do not have to pay that hefty sum imposed on the Memorandum of Transfer (MOT). Is this true? https://www.hba.org.my/articles/iprop/transfer.htmThanks Both are still same, once you've made the decision to buy either of the unit, later on you'll need to pay for the MOT. However the property without the strata title might need to get the consent from the developer to do a direct transfer so there might a delay on that
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taitianhin
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Oct 23 2017, 03:24 PM
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Above Claims are correct...MOT cost would be almost similar...just the waiting time is diff..
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TSfun_feng
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Oct 23 2017, 03:36 PM
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Ok, thanks for your advice
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