Hi, No did not sign the "Master Title". Do you know what the a "master title"? My lawyer said that she is waiting for a Form from the developer in order to apply for the State consent. Till now nothing heard from UEM Land.
I am kaypohing..... but likely wont buy due to the stupid rule that restrict locals..... whats the point of buying 100% international lot if all u can sell is to locals?
Hi, the "master title" actually was the amendment to the Teega particulars in the letter of offer for my loan... Only affect those who took loan from Standard Chartered.
Really taking their time to process the state consent ... perhaps you should call and enquire from your sales agent (UEM)??
Hi, Just been informed by my lawyer that they have received the K5 form (application form for state consent) and awaiting for Developer's submission together with project profile to the authority. This should happen very soon. This is good because state consent would go up quite hefty next year.
I am kaypohing..... but likely wont buy due to the stupid rule that restrict locals..... whats the point of buying 100% international lot if all u can sell is to locals?
there is no such thing as 100% 'international' lot. it is only a marketing term by developers.
in terms of policy, there is only bumi lot and malay reserve land.
'international lot' means developer still has not met the foreigner quota (20%, 30%, whatever).
this is my understanding.
You are completely wrong.
Astaka is 100% international lots.
there is no such thing as 100% 'international' lot. it is only a marketing term by developers.
in terms of policy, there is only bumi lot and malay reserve land.
'international lot' means developer still has not met the foreigner quota (20%, 30%, whatever).
this is my understanding.
You are completely wrong.
Astaka is 100% international lots.
Most likely they dont have a foreigner quota , and marketing people anyhow come out with creative term 100% international lots . My understanding some area of Iskandar is mark "resort developement " hence no foreigner quota.
Such as Horizon Hill , Medini and maybe few others .
Marketing people sibeh creative one , example a cluster house they call semi D cluster , some even call it a villa .
Freehold and leasehold
It is the status of the land use as gazetted by the land office and not under the jurisdiction of the local councils. Freehold simply means you can sell to anyone without having to ask for permission and leasehold means you have to ask for approval before transferring to others.
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I have not seen any land title with the word "International Lot". Maybe it is a term coined for marketing purposes.
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You are completely wrong.
Astaka is 100% international lots.
Teega owners get out your cheque book. I just heard the foundation was officially completed yesterday and the certificate from the architect is out and we should get our first billing this or next week. That is if you are financing it yourself, or your bank will get notice to release the first block of your mortgage.
Thanks for the information. Not sure whether I will be billed since I still have not received any update on my state consent yet... :(
The state consent for Teega has now become a concern. Hope it will not drag until 2014 when the new ruling kicks in. But... they may purposely drag until then to collect more revenue? Sigh!
Astaka is 100% open to foreigners. Means, ALL Astaka units can be sold 100% to foreigners. It means NO FOREIGNER QUOTA only.
However, this is the problem with the new ruling.
Say I (being Malaysian) buy an Astaka unit, under the new rule, I cannot resell to foreigner.
So my unit is no longer "international" but local.