Thanks man! Mind if I ask how to search for the liquidator?

Do a bankruptcy search on the developer. It should show you the appointed liquidator.

liquidator does it mean the entity that will take over the existing assets of the insolvent developer?

on a quick search, there have been various examples where developer just MIA before hand over to buyers

one prominent case is the Main Place project in USJ 21, it started as far back as in 2001, and it was only completed by Bina Puri in early 2010s after changing hands of 2 times, not easy feat for buyers to bear esp if they are those first time home buyers

another more recent example is the Empire Damansara, where Mamoth sold its stakes to Exim, but that was where Mammoth are not insolvent

that mainplace building is a vivid memory for subang folks

being abandon in an area where its all landed so people also have negative views about highrise when we see that

buyers also very kesian but at least its done n now its so convenient there

can walk to lrt also

no strata title and no liquidator status is different. the latter means developer wound up and no liquidator has been appointed ye. so basically cannot sell as no one sign off the confirmation status.

should be able to check from the SPA lawyer or the management office on who is the liquidator.

normally it should have the liquidator in most cases & normally liquidator will charge like 1%-3% on SPA price / Open market Value for perfecting the strata title.

my brother got the similar case, project in USJ 1 and he is doing the perfection of title and charge now after collection the key like year 2015...

This post has been edited by forever1979: May 29 2023, 06:05 AM

normally how long it takes to appoint a liquidator?

let's say if the developer master title is mortgaged to a bank, would that bank be the default choice for liquidator?

sorry, not sure. but if before 2015, the strata title take years to ready. so basically is liquidator could have appointed then only strata title is ready.

Why not follow standard charge for legal fees cost (perfection of transfer)..3% consider high..

Actually, who is liquidators?