100 Singaporeans in legal dispute over condo purchases in JB

FMT Reporters
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25 Dec 2024, 08:34 AM
They claim the developer was not upfront on the sale terms and conditions.

PETALING JAYA: At least 100 Singapore house buyers are locked in a legal dispute with a Malaysian developer over the ownership of their properties, CNA reported.

The news portal said the buyers claimed the developer was not upfront about the sale terms and conditions.

It said property lawyers were now urging buyers to read the fine print and engage local agents better aware of local conditions before purchasing properties in Johor.

CNA reported that Singaporeans were among the top buyers of properties in Johor Bahru and this had seen prices of condominium units jump 30% in the first three months of this year.

About 170 buyers have set up a WhatsApp group to pursue their case.

They said they bought properties as a weekend home and for investment for as much as S$275,000 (RM907,280).

They were shocked when they found out they had bought the homes under a scheme called a private lease scheme (PLS) which says they are buying a lease for 99 years.

This is more like a rental agreement under which they do not actually own the property.

The developer is the actual owner and the buyers are tenants and must seek permission if they want to rent or sell.

A lawyer interviewed by CNA said under PLS, the buyers do not obtain strata titles and only get a long rental lease. They also do not get voting rights to select the committees to run the condominiums.

If there is any legal dispute, creditors will go after the land to the detriment of the lessees. The value of property may also be affected, the lawyer added.

Developers argue the PLS is valid and the buyers have passed the legal period to take action.


https://www.freemalaysiatoday.com/category/...RWRUBGGIgwxJvwA

Wow wtf

Yini machem pun ada kaa??

PLS....

ah....

so we learn from south korea, the best korea

As usual foreigner is normally not fully protected under the law. They didn't read the term and conditions before buying.

Which project?

Wow...which conman developer is this?

Search around hwz and news, still dint figured out which project.

Iskandar Residences in Medini Iskandar Malaysia (MIM)

But but.. None of them read the terms and conditions?

The mindset of 3.5 exchange rate...

wah got such thing. sue the company to death

Too much money.. Close eye buy maybe?

Good

S$275K for 99 yrs worth it loh... car coe also 10 yrs only.

i bet when they come to buy that time all chirping "cip cip cip cip"

Very long article.dunno If is this same case or not
Go read yourself.
I donwan /k comment WOT

https://www.aurelle-of-tampines.com.sg/buye...elated-dispute/

This post has been edited by niwde: Dec 25 2024, 09:58 AM

More like being conned by developer/agent🤭😂🤣

gov appruv this scam is it

If it is modified as they said post signatory, then it's really an issue.

Plus only scammers say such thing as past the legal timeline. It's similar as putting up a sign you can kill people in your home with no regard of the law.

Which apek con fellow apek? Manyak briyani and stupid apek con fellow apek

malaysia land of scammer

Mampus

This dispute will kill all prospective foregn buyers interest in local market

Dontplay play

On the bright side, Malaysians will enjoy dirt cheap real estate soon

Gooding

which con developer is this...wtf

Only foreigners buyers are involved?

UEM sunrise ka?

How many of us will read the whole document? It’s usually a booklet.
I wonder if the developer provided free legal fees (developer’s lawyer) or not.

Beli rumah ada s&p...


I nubis also beli rumah but I read it.. 😅 😅 😅

Anyone know which developer?

The right to own property in Johor is not extended to Singaporean citizens.

Their lawyer also sleep on documents

They are the legal expect and should have advise their client properly

Loll developer become mini gov can sub lease hold a property

The price is worthless when you can only sell or rent at the mercy of the developer. Meaning "no means no". And you're screwed.

900k for a leasehold, somemore need to be choke on the neck.........................

The problem is the Singaporean didn't see properly whether it is lease or freehold before buying?

This doesn’t sound like leasehold

They probably using agents and the lawyers also in cahoots.

A lot of if things hard to understand

Thanks to malaysian reporters

Good for you. Did you read every sentence?
Ae you surprised not everyone read in detail the content?
If there are 300 buyers, 1/3 of them didn’t read in detail. 100 kena trapped.

100 buyers didn't even ask if it's freehold or leasehold ????

can't the just name the developer??

Lol. Kena scam by the sales agent

if that is not fraud, i dunno what is...lol. mareshian.

News didn't say local, just assumed.

Even Singapore's HDB flats are not leasehold or freehold, no strata title.

Developer may have learned something from Singapore gov.

Oh it fits leasehold technical description, just that it is not leasehold to gomen, but to developer.

This developer playing with fire, being the first case means it will likely be brought to court and fight there, become a landmark case.

Let's hope the decision will be to buyer benefit.

WTF really vavi punya developer, 900k not even leasehold

I hope they win the case, these developers are too greedy


This post has been edited by Freshmeat21: Dec 25 2024, 03:04 PM

Yeah, this is the one.

how the bank approve the loan if the borrower cant get strata title out of it? usually permanent master title property will not be entertained

Singapore HDB flats also no strata title lah.

That means sinkie buy hdb in JB.

Lol dumbfcuks

They think they allowed to buy cheap house?

Imagine how much they could charge and suck out of management fund as there is no strata. All managed and owned by developer.

Is it even legal? What happened if the dev bankrupt later? The house belongs to who? Kena lelong by bank to pay dev debt?

These sinkies are the ones driving up the property prices in Johor.

No sympathy.

The fuck kind of business practice is this?



Oh, understoodeded.

This post has been edited by keybearer: Dec 25 2024, 05:32 PM

I don’t even got such thing. Why would anyone signed up for this?

Sent Luigi to meet the developer boss...

Bro, this is not the typical 99yrs leasehold we used to, this private leasehold is even worse than the typical leasehold. They don’t even get to vote for property management, they are just like tenants.

The developer still the actual owner, if developer one day pokai the creditors will come grab the property from the tenants.

Leasehold you don’t own the land but you own the building. This case you don’t own the building.

Leasehold to government the land owned by government but building owned by owner. This case the building not owned by owner. It is different.