Hi all,

I would like to inquiry about charge of MOT & MOC. Regarding to THE STRATA TITLES (AMENDMENT) ACT 2016, do i need to pay MOT & MOC after get VP? cause my condo is still under construction and completing by end of this year/ 1st quarter of 2019. based on my simply calculation and MOT & MOC cost around RM18K++...

i need sifu help izit must pay MOT fee first after VP even though is still under master titles or it should wait after few year when developer transferred master title to strata title only pay it? Usually how long period to transfer the strata titles? Cause i not understand about the new amended strata titles act 2016. when i ask lawyer and this lawyer seem like junior (Developer lawyer) and quite blur and cant give exactly answer.


My estimation calculation as following below:
Purchase Price: RM650,000

A.) MOT:
Stamp duty
1st (1% X RM100K) = RM1,000
Next (2% X RM400K)= RM 8,000
500K+(3%XRM150K)= RM 4,500
__________________________
MOT Stamp Duty = RM13,500
__________________________

B.) MOT Legal Fees:
1st (1%X RM500K) =RM5,000
Next (0.8%X RM150K) =RM1,200
___________________________
Total legal fees = RM6,200
(Discount 75%) = RM4,650
___________________________
Total legal fees = RM1,550
___________________________

C.) Others
Disbursement fees = RM 1,000 (Estimation)
___________________________
Total fees = RM1,000
___________________________

MOT= A+B+C = RM16,050.00


D.) MOC (Bank charge):
1st (1%X RM500K) = RM 5,000
Next(0.8%XRM150K) = RM 1,200
___________________________
Total MOC = RM6,072
(Discount 75%) = RM4,650
___________________________
Total MOC = RM1,550
___________________________

E.) Others:
Disbursement fees = RM500 (Estimation)
___________________________
Total Others = RM500
___________________________

MOC= D + E= RM2,050.00

TOTAL PAID:
A+B+C+D+E= RM18,100.00

If the project is launched on 2015, start selling on 2016, izit consider under new HDA? when i signed on S&P on Mar'18 which under master title and i paid approximately RM4k++ for stamp loan & disbursement fees. if really get titles upon VP then i have to pay MOT immediately? plus i need pay more for MOC even is use same lawyer to get 75% discount (began paid 4K on loan stamp & Disbursement).

Sound like not worth to buy undercon as need pay more for hidden cost...if developer did not provide free for S&P agreement during undercon, it will more costly

if wait for 2-3year after VP is quite ok for me at least got time for saving. cause spend need spend alot money for do renovation + furniture. i just worry about get title upon VP then really gg.com...so far do have any cases project get transferred titles upon VP?

Thx for your info...i think im gonna die cause didn't expect need pay MOT & MOC within 30days when get VP...i think my case is may same as above posted. my lawyer seem like blur when i asking about this issue cause it is developer lawyer and this lawyer is junior (may not experience)...

Ya... I hope developer will be delay for few year as i purchase for own stay instead of investment. when i sign S&P that lawyer told me is following new strata titles act 2016.. but another lawyer told me is under old act since is launch on 2015. developer gt 2 panel lawyers....confusing

what is mean by New HDA? seem like many things have to learn it cause im newbie and first time buy it ><