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

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forever1979
post May 29 2023, 06:03 AM

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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
forever1979
post May 29 2023, 06:59 PM

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QUOTE(dattebayo @ May 29 2023, 08:56 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?
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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.

 

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