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 Developer Liquidated & No Strata Title, Whatelse I can do to sell?

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MrBaba
post Mar 1 2023, 10:04 PM

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QUOTE(elon_musk_my @ Mar 1 2023, 09:48 PM)
Hey everyone,

I'm really hoping someone can help me out here.  cry.gif
I'm in a bit of a mess with my condo in Klang Valley.
The developer has gone under liquidation recently and it's been 6 long years without anyone getting the strata title.

I spoke to lawyer and they told me it's almost impossible to sell without the strata title. Is it because buyers can't get loans without it?
They say only cash buyer should be ok and i dont think there are many cash buyers out there.
I'm feeling so helpless and don't know what to do.

Do I have to wait for another company or developer to take over before I can get the title?
Even if that happens, how long will it take?
What if no body take over?  doh.gif

I'm really freaking out because I need to sell this condo for personal reasons,
and renting it out is going to be a huge hassle.

To be honest, I'm regretting buying this place when I was just 21.  doh.gif
I should have done more research and not just trusted what the agent told me.  bangwall.gif

If any of you have any advice or have been in a similar situation, please share it with me. I would greatly appreciate any help or guidance.  notworthy.gif

Thanks guys, I really appreciate it.  notworthy.gif
*
My parent condo also same shit , still got ppl manage to get loan to buy . Puchong area near highway toll , that area whole batch no strata tittle one condo landed same case.

 

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