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strata title important if want sell ?
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funniman
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Aug 13 2025, 08:45 AM
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I bought subsale properties without strata titles before. Lawyer used Deed of Assignment together with SPA. I think MOT duty was deducted when transaction took place.
This post has been edited by funniman: Aug 13 2025, 09:16 AM
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mini orchard
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Aug 13 2025, 10:08 AM
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QUOTE(funniman @ Aug 13 2025, 08:45 AM) I bought subsale properties without strata titles before. Lawyer used Deed of Assignment together with SPA. I think MOT duty was deducted when transaction took place. When strata title not issued, the process is that.
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PAChamp
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Aug 13 2025, 12:17 PM
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QUOTE(mini orchard @ Aug 11 2025, 01:23 PM) As a stakeholder, if the lawyer don't release the money to his client after the completion of the case, isn't that guilty ? If what you said is correct, then every lawyers will wait for their clients to sue first. 😅 Then who dare to engage a lawyer to sell properties ? If you don't engage lawyer, it is far far worse. I am talking about insurance. It's not easy to get money from insurance, especially one not bought by you. There are avenues - complain to Bar Council and/or go to court. Of course if the law firm admits guilt, then the other partners will have to pay back bit if they don't want, you will have to take action and submit a claim to the indemnity insurance. If insurance thinks they can win, they will hire lawyer to fight you. But if chances are they will lose, they will negotiate. If they fight and lose, they will pay full sum. That's how i think the system works.
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mini orchard
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Aug 13 2025, 02:28 PM
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QUOTE(PAChamp @ Aug 13 2025, 12:17 PM) If you don't engage lawyer, it is far far worse. I am talking about insurance. It's not easy to get money from insurance, especially one not bought by you. There are avenues - complain to Bar Council and/or go to court. Of course if the law firm admits guilt, then the other partners will have to pay back bit if they don't want, you will have to take action and submit a claim to the indemnity insurance. If insurance thinks they can win, they will hire lawyer to fight you. But if chances are they will lose, they will negotiate. If they fight and lose, they will pay full sum. That's how i think the system works. So under what circumstances the insurer thinks they can win ?
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mushigen
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Aug 14 2025, 12:52 AM
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A lawyer advised me that if you intend to sell soon, do not initiate title perfection. You can only sell the property after the MOT is completed, which means an unknown delay.
It's better for the new purchaser to either do direct transfer (if allowed) or double transfer. The lawyer says when doing double transfer, she can submit both transfers to the land office at the same time. But I've heard otherwise too - must complete the transfers back to back, not at the same time.
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MNF0
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Aug 14 2025, 09:55 AM
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QUOTE(mini orchard @ Aug 10 2025, 12:40 PM) Why didn't lodge a report to bar council ? Every lawyer will have indemnity insurance to cover for malpractice. I was thinking the same thing.
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PAChamp
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Aug 14 2025, 11:29 AM
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QUOTE(mini orchard @ Aug 13 2025, 02:28 PM) So under what circumstances the insurer thinks they can win ? They try to find loophole here and there but basically they can make life difficult and delay in the hope you will accept a lesser amount just to close the file. Such is life.
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hanhanhan
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Aug 14 2025, 03:15 PM
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QUOTE(mushigen @ Aug 14 2025, 12:52 AM) A lawyer advised me that if you intend to sell soon, do not initiate title perfection. You can only sell the property after the MOT is completed, which means an unknown delay. It's better for the new purchaser to either do direct transfer (if allowed) or double transfer. The lawyer says when doing double transfer, she can submit both transfers to the land office at the same time. But I've heard otherwise too - must complete the transfers back to back, not at the same time. direct transfer only apply if the developer allow. its entirely up to developer whether to allow or not, subject to admin fees.
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mushigen
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Aug 14 2025, 03:52 PM
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QUOTE(hanhanhan @ Aug 14 2025, 03:15 PM) direct transfer only apply if the developer allow. its entirely up to developer whether to allow or not, subject to admin fees. I am aware of that, that's why I said "if allowed".
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ahkit123
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Aug 16 2025, 08:24 AM
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QUOTE(mushigen @ Aug 14 2025, 01:52 AM) A lawyer advised me that if you intend to sell soon, do not initiate title perfection. You can only sell the property after the MOT is completed, which means an unknown delay. It's better for the new purchaser to either do direct transfer (if allowed) or double transfer. The lawyer says when doing double transfer, she can submit both transfers to the land office at the same time. But I've heard otherwise too - must complete the transfers back to back, not at the same time. Yes, double transfer one go.
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