I'm trying to learn about geran kongsi for agricultural land. Is it very risky? My family and friends told me don't even think about it.

The agent says:

Geran kongsi 4 nama ..semua mau jual.semua masih hidup.adik beradik
Maaf .bayaran kena cash ye..tak boleh loan bank.sebab geran kongsi 4 nama.semua nama setuju nak jual.semua nama masih hidup

Is it a scam?

I was thinking to buy cash deal. Borrow money from family members to do it.

Anyone have some experience in this area? Thanks for your advice.

cari lawyer bang. no joke

Yes, I will. But wanted to gain some knowledge of other people's experiences first before spending any money.

problem with kongsi is 1 or 2 want money, want to exit, or tak kisah, then will fight or turn nasty

if buy the whole lot no issue, if buy part of the lot with surat janji / amanah or what so ever then got problem later.

Dengar family n friend = yes

Dengar agent = u figure it out

My experience: get everything in black n white include from owners that agree to sell at that price tag. Confirm will stuck after this.

This post has been edited by Chisinlouz: Jan 23 2023, 10:57 AM

When in doubt, check with your lawyer.

This post has been edited by marukopi: Jan 23 2023, 11:05 AM

No issue as long 4 owners agreed to sell and you being a single buyer.

How you pay for it, cash or bank loan, is not the concern of sellers. Your lawyer will deal with the joint sellers.

Just dont pay any money or deposit until the geran and owners are verified after title search at land office by your lawyer.

If you go through your own lawyer, he will know what to do and NOT the sellers lawyer.

Since you got lot of cash for cash deal, why no direct go for SINGLE name type?

Lawyer up. Thank me later.

Get them all to sign the 14a form and with the IC ...then engage lawyer...

Whether is single or joint owners, procedures are the same.

Joint owners a lot harder since need to get all to sign the documents etc.
Sometimes getting them at the same time already hard.

I read somewhere ...better avoid it.

If you are buying over all the 4 shares & become a single owner of the title , should not be an issue. Engage a lawyer to deal with the transaction even though you are paying by cash.

If you are co-buyer of the shared title & become the joint owner, I think avoid at all cost . The issue of becoming co-owner, when one of the owner died & pass the land to their descendants ( many names ) & one of their descendants refuse to sell when you intend to exit , it will create some hassle.

No, I don't have lot of cash. The price for people selling geran kongsi is quite a bit lower. That's my reason for looking at this.

I geran individu was same price I would prefer geran individu.

my advise buy another land with individual geran... spent more than 15k to pecah lot since 2015, 2023 still waiting for geran... my late father land

there's a reason why its cheap and ppl avoid buying them



convert agricultural land to residential is not easy either

This post has been edited by croydon: Jan 23 2023, 02:40 PM

The joint owners have to agreed among themselves first b4 putting the land for sale in the open market.

Same with sole owner. If he doesnt want to sell, no amount of best offer will change his mind.

For ts case, I believed is the sellers agent that approach the buyer, so consensus are there for a sale.

Sorry for hijacking the topic.

Can I ask which state your land located?

Yes you are right land convert cost Alot.

I advise don't buy this type of land ownership. Bank loan cannot do because bank unable to hold the land as collateral. Agent also cannot do anything because he really got no power to do anything. That's why all the risk pass to you the buyer. Once agent get money he don't entertain you already and don't care whether you can get the land finally in your name or not. The owners of the land also can't do much even if they really want to help you put the geran name as yours. There's certain sekatan kepentingan written on the geran. If you got time bring a copy of the geran to pejabat tanah and ask the officer there. Maybe they can tell you clearer.