HI all,

So my husband just booked a subsale condo unit (freehold) and as of now, we are in the midst of applying for loan. However, upon handing over all documents to our banker, he requested for standalone strata title.

When I checked with the agent, she said the owner haven't claimed it yet despite the title is out. The owner merely told the agent that I could claim the title later directly with the developer.

1) So assuming that my bankers would still need to see the strata copy and if the owner/agent couldn't produce it in time, could I simply ask the agent to refund my booking fee?

2) What if later on, the developer do not agree for double transfer? Who's going to bear all the penalties, MOT, stamp duty etc.?

3) What if the developer is no longer around? This property is 20++ years old

Any other things that I should be concerned about? The clock is ticking for me to get the loan approved and now this strata title issue pops out. 

Thanks!

Hmm sorry how did the previous owner occupied the property without a strata title??

I checked the SnP and apparently, we are the 3rd owner.

1st owner sold to 2nd owner back in 1999 and in their SnP, there is a clause for 'Deed of Assignment' - so I guess that explains how in the past this property was transacted - I suppose.
1) But I can't even proceed with the loan submission without submitting the strata title, so how do you think I should request for the booking refund? Somehow I need to produce a letter saying that the loan is rejected?

2) Noted

3) Ok noted

Thanks all!

1) If indeed strata title is issued but owner have not collected it from developer, there are high chance the developer will ask for "kopi money" only they will release to u. If yes, u can ask seller to pay for it because it is the seller's responsibility

2) As above, i dont recommend u buy the unit if seller does not want to provide strata title to u. because will involve money and time if u deal with developer.

3) Trust me they are around....just hiding and operating in shadows.

Yeah, it seems that the strata title had been issued but perfection wasn't done by the current owner.

And, he also mentioned that it's still under developer's name... and I'm the 3rd owner.

Meaning to say, developer has to agree for direct transfer or do a triple transfer to my name? 

I don't mind getting my earnest deposit refunded and I could look for other unit elsewhere.

You are right, if developer already bungkus, then nothing much could be done.

FYI, this is the developer:

https://www.ctoscredit.com.my/business/HART...DN-BHD-0057368K

Doesnt matter liquidator or developer, they both will ask for fee
I think better tell lawyer to insist for it better right? infact put the requirement in S&P better yet.