I have a question regarding Bumi discount vs Bumi Quota vs Bumi Lot.

If I buy a unit from developer with bumi discount. In KL.

1.) can I resell it to non bumi once completed?

2.) is there restrictions from authorities to resell to non bumi ? Eg. Pay penalty

3.) SPA doesn’t state anything about bumi lot, how about In the title in the future.

4.) is there any difference between bumi discount unit, bumi quota, or bumi lot ?

if the title is not a bumi lot impossible they will give you discount for bumi. Maybe there's some hidden clause but its a pain in the ass to sell to non bumi if the title is a bumi lot.

Lots of procedures and takes a long time but not 100% can be changed to a non bumi title

your SPA has no land title?

bumi discounts and bumi land title is two separate things. you can get bumi discounts without bumi land title restrictions.

Which also means the property appreciation is much lower then a comparable non-bumi lot.

For bumi buyer, it is never wise to buy non bumi lot.
Just take the bumi discounts / bumi quota / bumi lot.
For undercon property or susbsale property still under master title.

Coz at the end of the day, developer will oversell out the non bumi quota. And your unit will end up being converted into bumi lot also. Coz you are a bumiputera. Maybe reputable developer wont do so. But why take risk on that?

SPA doesn’t state that, but I got bumi discount

I’ve gotten the bumi discount from developer , 2) it doesn’t state anything on the SPA about bumi, 3.) still undercon. 4.) can I resell to non bumi in the future?

Leasehold or freehold property?

FH, HDA

Will the title at any point indicates it’s a bumi discounted or bumi quota or bumi lot unit title ?

Yes no wander bumi discount the term is used.
For freehold property (except Cyberjaya), you are free to sell to anyone after getting strata title.

normally any restrictions will be stated in the land title regardless it's master title or individual strata title.

What do you mean by ‘yes no wander bumi discount the term is used’

If leasehold bumi then cannot sell to non bumi? Under what circumstance it can’t be sold to non bumi? Base case is I’ve taken bumi discount.

i came across some cases where both bumi buyers got their bumi discounts but one with bumi lot restrictions and one without. this happened on the malays reserve land where state gov required certain percentage of bumi quota to be fulfilled.

Is just marketing term. Leasehold bumi want sell to non bumi must appeal to the authority.

Bumi Lot cannot sell to Non-bumi & Only Bumi Lot can sell to Bumi.

Maybe yoy can read it here.

https://loanstreet.com.my/learning-centre/b...rgons-explained

This post has been edited by danielmckey: Sep 12 2018, 02:33 PM

Already read everything online, even asked lawyers and SAs. All cannot answer. Then I come here

If you cannot find answer here. Then straight ask Prime Minister.

I find it sickening that i cant sell my property to non bumi, this nep backfires me when the purchase price difference is ciput compared to subsale gains

Yours is leasehold? Or Malay reserve

Malay reserve confirm for malay only.
Leasehold bumi still can try appeal to sell to non bumi.

Leasehold and looking at cyber freehold

Any assets be it property, stocks, etc that has restrictions will worth less than unrestricted.

But anyhow if get bumi discount that automatically the tittle will state it’s bumi lot or any other words related to bumi am I right ? Seems regret took bumi discount.

Owhhhh, so if it is freehold and bumi lot, I can sell it to non bumi after getting strata?

I learnt something new today

which prop u bought, n was it very lucrative the bumi discount?

I dont think you are clear yet.
Bumi discount is the term use for freehold property. Sales agent term to promote. Is not bumi lot. Once got strata, you are free to sell to non bumi.

Thanks master! Just a worried and paranoid newbie here

In KL, usual 5%, are you buying bumi discount units also?

How about for the title ? Does it state the term ‘bumi’ inside ?

each prop is unique. cannot just assume.

upload your title here..

As far as i know, whether it is bumi lot or non-bumi lot, it wont stated in the title, only developer knows whether it is a bumi or non-bumi lot. someone correct me if i'm wrong, thanks

yap, why want to regret?

Later if have restrictions to sell

Only developer know.....this only valid for property still under master title.

how about individual/strata title? no mention bumi lot or not in the title, right?

and we still need to check with land office or registry office?

You are buying freehold there is no bumi lot. Developer can only give you discount.

Thanks!

For fh poperty the bumi quote is maintain by developer and liason w gov.

However i did hear story abt state can put cavier on ur title for bumi only after title is issued. Just hearsay.

Bcos some bumi gurus will not get discount and buy non bumi price. Mana tau when title issued state converted the bn unit into bumi lot bcos the owner is bumi.

oic, do u mean that if the property has individual title or strata title,the status of whether it is bumi or non bumi lot will be shown in the title right?

i attach a non bumi lot title, at the 'SEKATAN-SEKATAN KEPENTINGAN', it stated 'TIADA'. I wonder how bumi lot title mentioned? is it UNTUK BUMIPUTERA SAHAJA? OR anything else?

if possible attach a bumi lot title so that we can compare & it is more clear and definitely can solve the doubt, thanks all


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Cyberjaya got special rule?

CJ BJ and pocket of development sana sini got restricted freehold.

is bumi quota unit all will become bumi lot since discount given?

Hi AskarPerang, wan to ask, at auction market, If freehold condo under Malay Owner name, and the bumi discount trackable (mean already confirmed this project developer is give extra 5% to bumi). So is it non bumi buyer can bid that unit?

And since this unit benefited bumi discount, so is it non bumi buyer won the bid need to fork out the 5% amount to authority or developer?

Transfer of subsale ownership in property is based on conditions and restrictions as stated on the title.

Price is inmaterial and never a deciding factor.

This post has been edited by mini orchard: Oct 22 2022, 12:28 PM

Now a day alot of freehold at kl is transferred from leasehold example MET mont Kiara, bukit jalil, maluri cheras. Even it's freehold but the name transfer need to go through the consents. So most important is we need to search the title to check the condition & restrictions.