Haha, u r right, i am selected bukit oug condo the main reason is $$ cheap and return high (Rental), even it dun hv strate title.

Since the OUG Parklane and Z will going > 300+ psf, how you think about bukit oug condo, how far it will go out (psf), when the LRT is ready.

Is this confirmed ?

If there is a direct link , then there will be massive jam at jln 1/155B. It is already very jam during peak hours.

Confirmed (99.9%.....), in line with LRT route.

About the strata title we discussed before for the previous residence meeting. Management told that if our condo apply the strata title at the moment mean we need to pay high cost for applying the title but at the end, the strata title is still under the name of Ler & Lum (Liquidators) Is truth, they seem like "lion mouth", but what to do? Because the court approved them to do that. The only way is they make the wrong thing then the management just have the reason to ask them quit out from the liquidators of Bukit OUG condo when get this issue to court.

About the 2% for liquidator to get consent, how come I no need to pay for it when i bought the unit since last year?

This post has been edited by vince8307: Dec 19 2010, 12:18 AM

maybe that time your vendor pay the 2% or your unit hv transaction after the liquidator Ler & Lum take over and the 2% paid.
so the subsequent transaction only need to pay rm50 to the liquidator for getting the consent.

Is mean every unit only needed to pay 1 time 2% to liquidator, subsequent transaction Rm50 will do?

That mean next time i sell off my unit, the buyer no need to pay 2%, am I right?

If like that is great, ask the buyer no need to worry of 2% issue.

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Added on December 19, 2010, 12:25 pmOIC, is mean even we pay the cost, we oso can't get back to title....unless they are initial apply for us.

So bad, let me get some advise from my friend.



This post has been edited by 22222222: Dec 19 2010, 12:25 PM

I think is "special" title under Ler Lum... but not so sure. Just know the management don't want to waste the fund to apply first since the owner still can sell out their unit without title. They are more focus on repairing the condo facilities 1st, once they got extra budget just consider on apply the title.

I just come back from Bukit oug condo, I saw one unit want to sold, Block 9.

The contact number is 019-3399291. Good luck

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Added on December 19, 2010, 5:12 pm"Special Title"....??? .

Anywhere it is good for the management focus on repairing. The building is look like "Sick" face, is the time to c doctor.

I think repaint the building is the major challenge task for the management, is possibility need 4-5m to complete 13 blocks.

Where to find this million $$$.... maybe wait for the sky drop the money...



This post has been edited by 22222222: Dec 19 2010, 05:12 PM

they now rushing for CCTV room at behind the guard house...did u see it? The CCTV + lift wall panel estimated will be done in b4 CNY.

actually no need wait for the sky drop the money at least every owner on time pay their maintenance fees will do it
I asked them why didn't use the act of 32 & 33 under Maintenance and Management Act 2007? And then the management told me they try to using the soft way first but the soft period is until end of this year only. The issue will bring to court settle under the act of 32 & 33 for those owner still didn't pay the balance of maintenance fee starting next year.

This post has been edited by vince8307: Dec 19 2010, 06:26 PM

How much the management expect can be collected, after using the Act 32 & 34?

Learn More the Act 32 & 33 & 34

32. Recovery of charges by Joint Management Body
(1) Where maintenance charges become recoverable by the Body from a purchaser by virtue of section 23, the Body may serve on the purchaser a written notice requesting payment of the sum due within such period, which shall not be less than fourteen days from the date of service of the notice, as may be specified in the notice.

(2) If at the end of the period specified in the notice under subsection (1) the sum or part of the sum due remains unpaid, the Body may serve on the purchaser a further written notice demanding payment of the sum due within fourteen days from the date of service of the notice; and if upon expiry of the said period, the sum due still remains unpaid, the Body may institute proceedings in any court of competent jurisdiction for the recovery of the said sum or, in addition or as an alternative to recovery under this section, resort to recovery under section 33.

(3) Where a managing agent has been appointed by the Commissioner under section 25 to maintain and manage a development area, a notice sent by the managing agent shall be deemed to have been sent by the developer or Body.


33. Recovery of arrears of charges
(1) Where the amount of charges payable is in arrears for six months, the Commissioner may, at the request of the developers or Body, issue a warrant of attachment in Form B of the Second Schedule authorizing the attachment of any movable property belonging to the purchaser which may be found in the parcel or elsewhere within the local authority area.

(2) No warrant of attachment shall be issued by the Commissioner unless the Commissioner has served a notice in Form A of the Second Schedule on the purchaser or any one of the purchasers of the parcel, if more than one, requesting him to pay the arrears within fourteen days of the service by posting or delivery.

(3) The warrant shall be executed by an officer from the office of the Commissioner who shall be make an inventory of the property attached and at the same time give notice in Form C of the Second Schedule to the person who at the time of attachment appears to be the person in possession of the property.

(4) Such officer may, in the daytime, effect forcible entry into any parcel or building or any part of the parcel or building for the purpose of effecting the attachment.

(5) Unless the arrears and the collection charges are paid within seven days of the attachment of the property, the property attached shall be sold by public auction.

(6) Where any amount is recovered by the Commissioner under this section, the Commissioner may deduct from such amount collection charges of such amount as may be prescribed by the Minister, with the concurrence of the State Authority.

(7) Any amount received by the Commissioner, after deduction of the collection charges, shall be deposited into the Building Maintenance Fund as soon as practicable.

(8) Any surplus, after the deduction of any amount by the Commissioner under subsection (6), shall be paid to the person who, at the time of the attachment was or appeared to be in possession of the property.

34. Failure or refusal to pay charges
Any person who, without any reasonable excuse, fails or refuses to pay maintenance and management charges commits an offence and shall on conviction be liable to a fine not exceeding five thousand ringgit and shall also be liable to a further fine not exceeding fifty ringgit for every day during which the offence is continued after the conviction.

This question wait u to ask them in next residents meeting...

Haha! u ask on behalf of me lah...... let me know the result ah....

I not qualify yet, the transaction still need 6 months to process, the name still under previous owner.

Anywhere nice talk 2 u, which block u stay? My unit at block 10

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Added on December 20, 2010, 1:03 pmLearn more about - Strata Titles Act, 1985

Transfer ownership of strata titles or be fined
By: The National House Buyers Association (HBA)

When one condo unit owner was asked on why she has not taken action to transfer the strata title for her unit from the developer to herself, she replied that she has not decided to whom or the charity organization she wants the property to be registered in. This is an extreme case of naivety when this particular owner thinks there she can take her own sweet time to affect the transfer. Other owners gave excuses of not having prepared the cash for the transfer costs, while some say there are in the process of selling their units.

The good news for developers and management corporations tired of owners taking their time to transfer ownership of strata titles is that the Strata Titles Act, 1985 has been amended to include a deadline for such transfers as well as making it an offence for non-compliance.

This is the newly included section in the Strata Titles Act, 1985 from 1st April, 2007 (the operation date of the Strata Titles (Amendment) Act 2007):

40A. Transfer of ownership of strata titles

(1) Any original proprietor or any person or body appointed by a court of competent jurisdiction shall execute the transfer of strata titles to the parcel proprietors within twelve months from the date of issue of strata titles by the Land Administrator or any extended period approved by the Director upon the opening of the strata register.

(2) Any purchaser shall execute complete documents of transfer of strata titles within twelve months or any extended period approved by the Director from the date of notice of transfer of strata titles issued by the original proprietor or from the date of purchase of the parcel, whichever is the later.

(3) Any original proprietor or any person or body appointed by a court of competent jurisdiction or any purchaser who fails to comply with subsection (1) or (2) shall be guilty of an offence and shall, on conviction, be liable to a fine of not less than one thousand ringgit and not more than ten thousand ringgit per parcel.

As you can see from the above, the purchaser and also the original proprietor (developer or land owner) shall be guilty of an offence liable to fines of RM1,000 to RM10,000 per parcel (f convicted) if the transfers are not executed within the stipulated period. This is reason enough for owners to quickly execute the transfer once they have received the notice of the issuance of strata titles from the developer.

How do you know when strata titles are issued?

For primary properties, the strata titles are first issued to the developer or land proprietor. Once issued, the developer will write to inform the purchaser, the purchaser's solicitor as well as the end financier. Normally, the notice will include instructions on the developer's solicitor's information, amounts to be paid or utility deposits to be transferred as well as a copy of the title and accessory parcel (if any).

What is the process to transfer the ownership of strata title?

1
Developer and purchaser sign Memorandum of Transfer ('MOT') form (Form 14A, National Land Code)
2
Lawyer sends MOT to Stamp Office for adjudication to ascertain how much stamp duty is to be paid. Stamp Office then stamps MOT for a nominal value of RM10.00 (being adjudication fee) and returns MOT to lawyer.
3
Valuation Department then values property and informs Stamp Office of valuation amount. Stamp Office then issues the notice (PDS 14) of the stamp duty payable based on the said valuation. Lawyer collects stamp duty from purchaser and proceeds to stamp MOT. A penalty is imposed if the instrument is not stamped within the stipulated 30 days from the date of the notice.
4
After stamping MOT, lawyer presents the MOT and charge instrument (Form 16A) (for properties charged to a bank), to the Land Registry/Office for registration. On presentation, a presentation number would be allocated. It would take an approximate 6 to 9 months or earlier with the recent implementation of the Computerization System of Strata Titles.
5
Once the transfer is registered, you would receive the strata title from your lawyer. If the property is charged to a bank, the title would be sent to the bank. You should get a photocopy of the title from the lawyer for your record.

What are the documents that you must provide to your lawyer?

1. Copies of all present and previous Sale & Purchase Agreements (if you are not the first purchaser, to show proof that you are the last buyer in the chain).
2. Copies of present and previous Loan Agreement, Deed of Assignment, Deed of Receipt and Re-assignment (if any).
3. Strata Title (from the developer)
4. Current year quit rent receipt.
5. Current year assessment receipt.

What is the estimate amount to set aside for the effectual transfer process?

Normally, the two main cost of the transfer is the stamp duty and the legal fees shown below.

The stamp duty is a revenue payable when an application is made to register changes to a certificate of title or ownership.

1. How stamp duty is calculated

On the first RM100,000 RM1.00 for every RM100 or fractional part of RM100
On any amount in excess of RM100,000 but not exceeding RM500,000 RM2.00 for every RM100 or fractional part of RM100
On any amount in excess of RM500,000 RM3.00 for every RM100 or fractional part of RM100

This means if your property value is RM60,000 the stamp duty would be RM600 and for a property valued at RM350,000 the stamp duty would be RM6,000. There usually is a time lapsed from the purchase till the issuance of the strata titles. At the time of transfer, direct purchasers from developers usually pay the consideration value (the purchase price) of the property, whereas subsequent purchasers would have paid the stamp duty based on market value adjudicated by the Valuation Department.

For purchasers who have paid the full duties on the Deed of Assignment in sub-sale agreements, the stamp duty is a nominal sum of RM10.00. This has to be verified by the Stamp Office from the Deed of Assignment bearing the original stamped impression which also carries a serial number.

2. How legal fees for transfer of ownership of strata title is calculated

1 2
Consideration or Adjudicated Value Scale of Fees Purchases under the Housing Development (Control & Licensing) Act Transfer legal fees (if using same SPA lawyer) Transfer legal fees (if using a lawyer who is not the SPA lawyer)
For the first RM 150,000 1.0 % (minimum fee RM300) 25% of applicable scale fee from either Column 1 or 2 (subject to a minimum of RM200) 50% of applicable scale fee from either Column 1 or 2 (subject to a minimum of RM200)
Next RM850,000 0.7%
Next RM2,000,000 0.6%
Next RM2,000,000 0.5%
Next RM2,000,000 0.4%
More than RM7,500,00 Negotiable (but shall not exceed 0.4%)
RM45,000 or below RM250
RM45,001 to RM100,000 75% of scale fee
RM100,001 to RM500,000 70% of scale fee
RM500,001 and above 65% of scale fee

Note: The table above is compiled from the Solicitors Remuneration Order 2006 under the Legal Profession Act 1976. The fees might change so it is best that you check with your lawyer or the Malaysian Bar Council at www.malaysianbar.org.my on the latest updated Order.

As an example for a property valued at RM350,000 (bought from a housing developer) the legal fees for transfer using the same Sale & Purchase Agreement transaction lawyer would be RM656.25.

What happens after the strata title is registered in your name?

You are now the legal owner of the property. The developer will have to call for the First Annual General Meeting when an estimate one-quarter of the total owners have transferred the ownership of strata titles. This meeting marks the day, the developer hand over the ownership of the common property and land to the Management Corporation (MC) as well as relinquish control of the management & maintenance to the MC represented by the Management Council elected from members of the MC.



This post has been edited by 22222222: Dec 20 2010, 01:03 PM

prospective owner interested in bkt oug. please sms to 016-8893099

why everybody want to buy bukit oug ?

nobody want to buy arena green meh ?

r u one of those interested in bkt oug warding others to fish somewhere?

Arena Green

SQ Ft = 819
Asking Price = RM 230,000
psf = RM 280
Tenure = Freehold
Title = Strata
Rental = +- RM 1500
Return rate = 6.5%
Future LRT Station nearby = no


Bukit OUG Condo

SQ Ft = 1222
Asking Price = RM 170,000
psf = RM 139
Tenure = Freehold
Title = DOA
Rental = +- RM 1300
Return rate = 7.6%
Future LRT Station nearby = Yes


As investor, will looking for few factors
i) Cheap property. (Less loan, Less interest)
ii) Easy to Tenanted
iii) rental return rate
iv) capital appreciation in the future

As people who want to rent a house/condo, do you go for the high rental with small size or low rental with big size?

Do you still choose Arena Green now?

well said....222222

Arena Green don't have LRT nearby ka? I thought it is walking distance to Bukit Jalil and Sri Petaling LRT meh?

It is walking distance to Bukit jalil lrt but price is expensive now. Still got so many people buy there. why ?

This post has been edited by jalsrix: Dec 21 2010, 05:41 PM

I've a friend wants to let go his unit 175k 1222sf, best deal in town