Hello TS , just wondering my parents own a flat for many years & have S & P only . Can they sell off the flat if the developer is already Bankrupt ? if yes , what is the procudure like ? thanks

So don't need involved the management office ? If yes thanks in advance my parents would be delighted 😊

This post has been edited by Spectreoutreach: Apr 11 2022, 04:49 PM

A barely functioning JMB .that why I'm worry about the future of the flat . Better find a way to sell it off

This post has been edited by Spectreoutreach: Apr 11 2022, 04:59 PM

Forgot to ask , if both parents are owner of the flat . Both signature or one is enough needed to sign the S n P ?

The Malaysia insolvent department did get involved for a while before JMB resume many years ago . Now it just JMB left (elected then elect new team that following year) that just collect fees ... What happened only one of signature owner left ? Can that flat be sold ? . Thanks for answering many of my questions

I just check with JMB , seem the local council just took the over management from existing team & replace with own hired staff. All S& P must be go thru their office . Many thanks again . Less worries now last month

This post has been edited by Spectreoutreach: Apr 12 2022, 12:25 PM