AskGuru Q&A Community

Make confident property decisions with advice from our experts

Asked by
Hello, I would like to ask, if I were to buy a bumi unit in icity i soho, mainly for investment purposes, can I sell it out later on to a non bumi?

I have read khairul anuar's http://www.thesundaily.my/news/243283. Which states that if The bumi seller tries to sell to bumi but fails, can sell to a non bumi.. Is it possible? What are the documents and procedures needed?
And when can I sell it? Does it state anywhere I need to hold on the unit for certain amount of time?
Thanks!
0 •
681 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

<en>Ding</en> <en>Tuon Soon</en>
Replied
Generally, a bumi lot is restrcited to sell to bumi, however, if the owner proven to the authority that he/she has difficulty to dispose within certain period of time and with financial difficulty that need urgent disposal then he/she can seek for consent from the authority! Read More
0
Upvote Upvoted
  • MV
    Replied
    what are the criteria of "difficulty"? and the what is the period of time that i need to 'try to sell' my property? who is the 'authority' in question?

Still looking for answers?

Get advice from our community of experts

Ask Your Question
Previously Asked Questions