QUOTE(jojolicia @ Jan 31 2023, 08:38 PM)
let that be a lesson for me.. not everything can depend on lawyers and agents to do due diligence..Title transfer and consent got rejected, due to preserving bumi quota
Title transfer and consent got rejected, due to preserving bumi quota
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Jan 31 2023, 08:49 PM
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#21
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361 posts Joined: Jul 2012 |
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Jan 31 2023, 10:12 PM
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#22
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QUOTE(iammasivers @ Jan 31 2023, 04:49 PM) Agent maybe cannot trust so muchHowever the lawyer... Young inexperienced lawyer? Never check properly for u. U paid them for a reason. Not just for their sign n chop. Seldom do case for rumah selangorku or rumahwip maybe |
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Jan 31 2023, 10:31 PM
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#23
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QUOTE(iammasivers @ Jan 31 2023, 08:49 PM) first of all, is this freehold apartment is categorized as low cost apartment? and freehold transfer does not involve in state government.Has this low cost apartment built more than 10 years? If not then you will require low cost consent to be transfer under ur name. ur 2% from agency & 8% deposit from state holder can be refunded as SPA clause will state under title transfer rejection, unless lawyer has released the 10% to seller. edit* yes u mentioned low cost. If it's build less than 10 years, chance is slim. 10 years + freehold u can buy. Less than that state consent required. Selangor low cost is much more complicated, depends on officer. By right in KL u shud settled already. newbie not advise to touch low cost in Selangor. very strict. This post has been edited by tongyk: Jan 31 2023, 10:35 PM jojolicia liked this post
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Feb 1 2023, 09:18 AM
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QUOTE(tongyk @ Jan 31 2023, 10:31 PM) first of all, is this freehold apartment is categorized as low cost apartment? and freehold transfer does not involve in state government. yea it's categorized as freehold low cost apartment. I'm also not sure why this involves state gov, i know that the perfection is not done yet so perhaps this is the reason?Has this low cost apartment built more than 10 years? If not then you will require low cost consent to be transfer under ur name. ur 2% from agency & 8% deposit from state holder can be refunded as SPA clause will state under title transfer rejection, unless lawyer has released the 10% to seller. edit* yes u mentioned low cost. If it's build less than 10 years, chance is slim. 10 years + freehold u can buy. Less than that state consent required. Selangor low cost is much more complicated, depends on officer. By right in KL u shud settled already. newbie not advise to touch low cost in Selangor. very strict. the apartment is built more than 10 years already. Yea now only i knew how hard it is to apply low cost in selangor. Complicate the rules and really discourage first home ownership if like this |
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Feb 1 2023, 09:46 AM
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I believe this is classified as restricted freehold ie. One Cochrane and Mira Platinum type of development whereby consent to transfer needs be from authorities 🤦
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Feb 1 2023, 09:54 AM
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QUOTE(iammasivers @ Feb 1 2023, 09:18 AM) yea it's categorized as freehold low cost apartment. I'm also not sure why this involves state gov, i know that the perfection is not done yet so perhaps this is the reason? The land tenure of low cost or affordable housing is inmaterial in Sgor. The condition for a transfer must have approval from LPHS when buyer meet all tnc.the apartment is built more than 10 years already. Yea now only i knew how hard it is to apply low cost in selangor. Complicate the rules and really discourage first home ownership if like this There are 5 -6 category of low cost and affordable housing. Even if you are a bumi or first tine house buyer, you may not be eligible for certain category. Plenty of info in LPHS portal for all type buyers. Doesnt mean freehold, more than 10 years etc, auto transfer. QUOTE(tgeoklin @ Feb 1 2023, 09:46 AM) I believe this is classified as restricted freehold ie. One Cochrane and Mira Platinum type of development whereby consent to transfer needs be from authorities 🤦 Yes, state govt has authority to add further conditions in land title during planning approval stage.Doesnt mean when is stated freehold, is 'open'.or 'free for all' This post has been edited by mini orchard: Feb 1 2023, 10:00 AM |
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Feb 1 2023, 10:48 AM
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QUOTE(mini orchard @ Feb 1 2023, 09:54 AM) The land tenure of low cost or affordable housing is inmaterial in Sgor. The condition for a transfer must have approval from LPHS when buyer meet all tnc. That's the problem, ultimate approval vest with the authorities and there's no b&w as what's allowed OR not. And lots of unscrupulous developers market it as freehold without disclosing it's restricted eg. Mira Platinum ☹️There are 5 -6 category of low cost and affordable housing. Even if you are a bumi or first tine house buyer, you may not be eligible for certain category. Plenty of info in LPHS portal for all type buyers. Doesnt mean freehold, more than 10 years etc, auto transfer. Yes, state govt has authority to add further conditions in land title during planning approval stage. Doesnt mean when is stated freehold, is 'open'.or 'free for all' |
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Feb 1 2023, 04:59 PM
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QUOTE(iammasivers @ Jan 31 2023, 09:27 AM) Hi guys. I am buying this low cost apartment. Paid deposit, loan already approved, offer letter signed, S&P already signed. But the title transfer and consent got rejected by Lembaga Perumahan dan Hartanah Selangor because they wanna preserve the bumi quota? It's not really clear why got bumi quota since i purposely chose this house due to its being a non-bumi lot. I'm first time home buyer so I really blur about this. My lawyer also not so dependable, kept me in the dark and hesitant to explain further. The lawyer got appeal for the rejection but it has been a few months. Should i just wait it out? What if i don't want to proceed because of this rejection, will my deposit burnt? Your advice is much appreciated ScenarioA bumi can purchase any units for low cost apartments. They are not deemed bumi lot. However, as the owner is a bumi, low cost flats guidelines is that it can only be sold to a bumi again. If you would like to purchase a unit, you would need a unit where the owner is a non-bumi on the title. Bumi quota, bumi lot, bumi reserved has different meanings to it. |
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Feb 1 2023, 05:19 PM
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QUOTE(mini orchard @ Feb 1 2023, 09:54 AM) The land tenure of low cost or affordable housing is inmaterial in Sgor. The condition for a transfer must have approval from LPHS when buyer meet all tnc. Will it be worded or stamp therein title if its "restricted freehold" ie bersyarat or sort of wordings etc??There are 5 -6 category of low cost and affordable housing. Even if you are a bumi or first tine house buyer, you may not be eligible for certain category. Plenty of info in LPHS portal for all type buyers. Doesnt mean freehold, more than 10 years etc, auto transfer. Yes, state govt has authority to add further conditions in land title during planning approval stage. Doesnt mean when is stated freehold, is 'open'.or 'free for all' This post has been edited by jojolicia: Feb 1 2023, 05:19 PM |
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Feb 1 2023, 06:40 PM
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#30
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Feb 1 2023, 06:43 PM
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Feb 2 2023, 11:25 AM
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#32
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I heard recent new projects are implementing the same thing.
The lot that you bought will no longer be tagged as 'bumi' lot, but the 30% quota for the project remains. Means ah, if one project really have 70-30 proportion, if you wanna buy from a bumi, you will have to wait for another bumi to buy from a non bumi first before you can proceed. Quite confusing honestly. |
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Feb 2 2023, 12:00 PM
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1,023 posts Joined: Jun 2019 |
In this instant just move on to avoid unnecessary headache
QUOTE(thenazek @ Feb 2 2023, 11:25 AM) I heard recent new projects are implementing the same thing. The lot that you bought will no longer be tagged as 'bumi' lot, but the 30% quota for the project remains. Means ah, if one project really have 70-30 proportion, if you wanna buy from a bumi, you will have to wait for another bumi to buy from a non bumi first before you can proceed. Quite confusing honestly. |
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Feb 2 2023, 04:43 PM
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QUOTE(thenazek @ Feb 2 2023, 11:25 AM) I heard recent new projects are implementing the same thing. it really is confusing especially for first time home buyer like me. Adding to that with the many requirements for low cost housing The lot that you bought will no longer be tagged as 'bumi' lot, but the 30% quota for the project remains. Means ah, if one project really have 70-30 proportion, if you wanna buy from a bumi, you will have to wait for another bumi to buy from a non bumi first before you can proceed. Quite confusing honestly. |
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Mar 10 2023, 10:50 AM
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#35
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hi guys, just an update, after multiple appeals finally selangor state gov approved the transfer title.. the owner is old and an OKU, he need to sell the house to pay for medical expenses (he got diabetes and stroke).. so my lawyer attach all the proof of his medical condition and his OKU card together with the appeal letter.. so yeah changing the title from bumi to non-bumi can be done, just that a bit hard and under certain circumstance..
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Mar 10 2023, 12:54 PM
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#36
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QUOTE(iammasivers @ Mar 10 2023, 11:50 AM) hi guys, just an update, after multiple appeals finally selangor state gov approved the transfer title.. the owner is old and an OKU, he need to sell the house to pay for medical expenses (he got diabetes and stroke).. so my lawyer attach all the proof of his medical condition and his OKU card together with the appeal letter.. so yeah changing the title from bumi to non-bumi can be done, just that a bit hard and under certain circumstance.. Congraz!![]() |
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Mar 10 2023, 02:34 PM
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QUOTE(iammasivers @ Mar 10 2023, 10:50 AM) hi guys, just an update, after multiple appeals finally selangor state gov approved the transfer title.. the owner is old and an OKU, he need to sell the house to pay for medical expenses (he got diabetes and stroke).. so my lawyer attach all the proof of his medical condition and his OKU card together with the appeal letter.. so yeah changing the title from bumi to non-bumi can be done, just that a bit hard and under certain circumstance.. Congratulation, bro. ![]() Under this circumstances (this unit), I wonder when the time you need to sell, will this unit be deemed <sort of bumi release>, thus again requiring 'a consent' to sell to a non-bumi? |
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Mar 10 2023, 02:35 PM
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1,923 posts Joined: Feb 2016 |
QUOTE(iammasivers @ Mar 10 2023, 10:50 AM) hi guys, just an update, after multiple appeals finally selangor state gov approved the transfer title.. the owner is old and an OKU, he need to sell the house to pay for medical expenses (he got diabetes and stroke).. so my lawyer attach all the proof of his medical condition and his OKU card together with the appeal letter.. so yeah changing the title from bumi to non-bumi can be done, just that a bit hard and under certain circumstance.. Congratulation, bro. ![]() Under this circumstances (this unit), I wonder when the time you need to sell, will this unit be deemed <sort of bumi release>, thus again requiring 'a consent' to sell to a non-bumi? |
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