what do you mean by wont comply with low cost consent rules?
if this low cost has completed the period, you can transfer to anyone regardless right? if it havent completed the period, u just cant transfer to anyone period.

as per AI
In Malaysia, transferring ownership of a low-cost house (RMMJ/Affordable housing) typically involves restrictions, including a holding period of 5-10 years and the need for state government approval for certain transfers, along with stamp duty exemptions for first-time homebuyers.

Here's a more detailed breakdown:
Restrictions on Ownership Transfer:
Holding Period:
Low-cost properties often have a restriction on transfer within a certain period, usually 5 to 10 years, depending on the state and specific circumstances.
State Government Approval:
Transfers of ownership may require approval from the relevant state government or housing authority.
Eligibility Criteria:
The new owner may also need to meet the same eligibility criteria (e.g., low-income earner) as the original buyer.
Purpose of Housing:
Transferring ownership to someone who no longer qualifies as a low-income earner or someone who already owns multiple properties might conflict with the initial purpose of such housing.

my understanding was just a time-lock over there as requirement.. i didnt know after time-lock will still need to follow ownership criteria or not

This post has been edited by pysh: Mar 19 2025, 09:59 AM

nope, i'm not talking about RPGT.. i dont care much about RPGT as you're transferring between family and you said your brother is wealthy..
u cannot transact a low cost property within 10years to protect the interest of scalpers