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

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TSelon_musk_my P
post Mar 1 2023, 09:48 PM, updated 3y ago

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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
TSelon_musk_my P
post Apr 12 2023, 08:42 PM

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Anyone have experienced sold a developer bankrupt condo in KL? Under 10 years, just want to know how long the process of SPA will take
TSelon_musk_my P
post Apr 13 2023, 08:13 PM

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QUOTE(LazyCat666 @ Apr 13 2023, 09:33 AM)
Estimate 6-9 months depending how fast the liquidator revert to lawyers. You might wanna find out how much is the total cost that the liquidator will charge you before proceeding...
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Thanks man! Mind if I ask how to search for the liquidator?

 

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