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Not applying for a strata title is not exactly illegal for individual owners, but it does come with risks. While you may save some money upfront on transfer fees, legal fees, and stamp duty, and avoid paperwork in the short term, the downsides are far greater. Without a strata title, you are not the registered legal owner, making it harder to sell or refinance your unit, and some banks, lawyers, or buyers may refuse to deal with the property. If the developer faces financial or legal trouble, you could also be at risk, and your property’s value and marketability may be affected. Read More