Asked by Mr. Mohamad jufri Erethinavelan
i am quite interested to buy an auctioned bumiputra lot 2 storey terrace house located in Setia Tropika Kempas Johor
Both The S&P and title specified clearly this is a bumiputra lot and can only be transferred to bumiputra .
Can this lot be converted to non bumi lot once I purchase this under auctioned .
I hear many many version of bumiputra lot can be converted ,1) some say all depends on good lawyers
2) some say can take 6 to 10 months
3) the process may take ages to convert , likely to be rejected by the state authority
4) some say don't waste time on bumi lot
5) some even say advertise for sales for at least 3 months , if no bumi buyer , then possible to convert to non bumi
6) some lawyers may say can , and later rejected , then pay high fees for lawyers
Please clarify , this is very very confusing
Thanks
Both The S&P and title specified clearly this is a bumiputra lot and can only be transferred to bumiputra .
Can this lot be converted to non bumi lot once I purchase this under auctioned .
I hear many many version of bumiputra lot can be converted ,1) some say all depends on good lawyers
2) some say can take 6 to 10 months
3) the process may take ages to convert , likely to be rejected by the state authority
4) some say don't waste time on bumi lot
5) some even say advertise for sales for at least 3 months , if no bumi buyer , then possible to convert to non bumi
6) some lawyers may say can , and later rejected , then pay high fees for lawyers
Please clarify , this is very very confusing
Thanks
6053 views
