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Buy Serviced Apartment w Master title, Subsale unit & developer still alive
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SUSNicklly
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Jul 6 2020, 06:30 PM, updated 6y ago
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I wanted to buy a subsale services apartment in KL cost 330k , the unit now still under master title.
Would like to seek expert advise, for this case..
1. DO I need to pay MOT stamp duty? based on 330k is rm5600
2. If I no need, then I need to pay for lawyer to do deed of assignment? Anyone know usually how lawyer charge?
3. Anyone can share experience of buying a vped 3years leasehold service apartment without strata title with cost of acquire the unit.
Well, I asked agent about this but he just ask refer lawyer cos he is not lawyer..
Hope can get answer from here..
This post has been edited by Nicklly: Jul 6 2020, 06:36 PM
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Zwean
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Jul 6 2020, 06:45 PM
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QUOTE(Nicklly @ Jul 6 2020, 06:30 PM) I wanted to buy a subsale services apartment in KL cost 330k , the unit now still under master title. Would like to seek expert advise, for this case.. 1. DO I need to pay MOT stamp duty? based on 330k is rm5600 2. If I no need, then I need to pay for lawyer to do deed of assignment? Anyone know usually how lawyer charge? 3. Anyone can share experience of buying a vped 3years leasehold service apartment without strata title with cost of acquire the unit. Well, I asked agent about this but he just ask refer lawyer cos he is not lawyer.. Hope can get answer from here.. 1) Yes upon purchase, during perfection just pay 1k+ to the lawyer for perfection because you have already paid the MOT. 2) 1k+ 3) I bought 10 year old ++ property, for leasehold under MASTER title the deal will be fast, 2 months if seller does not have outstanding and 3 months if they do.
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SUSNicklly
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Jul 6 2020, 06:58 PM
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QUOTE(Zwean @ Jul 6 2020, 06:45 PM) 1) Yes upon purchase, during perfection just pay 1k+ to the lawyer for perfection because you have already paid the MOT. 2) 1k+ 3) I bought 10 year old ++ property, for leasehold under MASTER title the deal will be fast, 2 months if seller does not have outstanding and 3 months if they do. 1. I mean the MOT stamp duty I need pay or not? Or is wait until developer issue the strata title only pay? U mean when I deal with this lawyer time I need to pay the MOT rm5600 then after that once developer do the strata title then only do perfection for 1k++ ?
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Zwean
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Jul 6 2020, 07:26 PM
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QUOTE(Nicklly @ Jul 6 2020, 06:58 PM) U mean when I deal with this lawyer time I need to pay the MOT rm5600 then after that once developer do the strata title then only do perfection for 1k++ ? Yes
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