Hi

Need to hear from people, especially those with personal experience having sold property.

What is the average time needed between the signing of S&P, for the Land Office to approve the title transfer, and finally for the full money to be paid out by the bank?

Let's assume here that everything goes smoothly e.g. no legal problems with the property being sold, etc.

I have heard various opinions. From minimum 3 months, to 6 months till 1 year before the land office finishes their job.

(There are also rumours of sellers having to pay significant "duit kopi" in order to speed up the land office process.... but let me stress that this is just rumours )

Thanks.

I'm no real expert, but I've heard that generally it takes about 3 months for freehold property, and 6 months for leasehold.

3-6months...btu certain circumstances can go up to 1 year

Factors that will affect the final completion of the transaction:

1) Is the title encumbered?...is it charged to some financial instituition? if yes, time is needed to discharge the charge before transfer can be done and re- charged to buyer's financier

2) Are there restrictions to transfer in the title eg.. some leasehold title needs state govt approval before a sale can be done. Another eg will be sale of bumi lots in certain states needs state consent before it can be released to be sold to a non-bumi

Factors above will lengthen the whole process of completion of a sale/pruchase .

The rough rule of thumb for completion without having to seek consent for sale, but with property charged is 3 months from date of SPA.

Dont forget to chase the lawyer as well!! haha.

i'm waiting for mine since end of aug 07. wait till no feel already.....

It's out of the lawyer's hands once we reach the title transfer stage right? All up to the land office...

Normally 3 to 6 months, the reason is because the traditional mode of communication, i.e letter and the buyers' financier (assuming you take a loan from bank) to conduct a valuation on property and so on.
But it does not mean you can't do anything. You can help to expedite the process by:
1. both seller and buyer using the same solicitor;
2. instruct the solicitor to revert documents by uploaded to email rather than ordinary post;
3. provide adequate documents to banker (if any) to secure a fast letter of offer.
4. (for investor only) negotiate with seller to allow entry to premises before trasfer completed, talk to your lawyer for this, so you can let the premises for rent.

OK, assuming the SPA signed, Purchaser's bank loan already secured, and all that's left is the Jabatan Tanah to process the transfer, how can I, as the Seller, then expedite the process?

halo is the title
Bandar they print as mukim of empang
can it be used when doing the transfer
it suppose to be Ampang
i call and ask them they say both also can use

if transfer title mean they 'll approve it right

Theoretically no but practically yes.
U think u're paying the lawyer in the millions to actually make himself go to PTG / PTD to speedise the whole process?
99.9% of them will just submit and let the whole file run for itself...

Theoretically possible but practically they won't entertain u
unless u're a big name and can walk straight into any room...

Bear in mind that a title means signature from head of PTG or PTD depending on HS(M) or HS(D), so getting the file to move from 1 department to the other and finally to the desk of the person signing is time consuming. It's actually a simple process if u draw it on a flowchart, but bureaucracy (ignorance / laziness) are factors u have to take into account. Actually there's 1 time the officer didn't even open the file (register the application in a book and give it a filename) after 1 week until I went to follow up... Heard worst stories also like file disappearing


some land title transfer are subject to state approval, such as some leasehold titles.
Theoretically state officials can reject the application but in practical that seldom happens
Bro I suggest u change your title to "Ampang" to prevent any problems in future. Although it's troublesome but worth the trouble just in case anything happens