QUOTE(kungpaochicken @ Jan 12 2019, 11:22 AM)
Sorry to say but this statement only valid for freehold property. Bumi buyer bought with bumi discount, yes for freehold property. Bumi buyer gain advantage as they bought at much cheaper price but after getting individual strata title, is free to seel to anyone, no bumi lot restriction.
However, unfortunately it is not the same case for leasehold property.
Bumi buyer bought with bumi discount is automatically counted as bumi lot.
Future subsale transaction also, bumi buyer bought from non bumi owner, the house possible to fall under bumi lot as well after changing ownership.
Many people saying freehold and leashold property got no difference (especially for high rise). But for bumi buyer, this is a significant difference regardless is landed property or high rise property.
Jan 13 2019, 01:19 AM


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