Thursday, 21 July 2011

Defence against the Dark Arts - More on Bumi (Bumi Rules)

There are many who will tell you with confidence that you can buy bumi lots. Yes you can in a way, after the state consent and conversion but normally the conversion of the land will be done by the developer.

Defence against the Dark Arts - Bumi Rules

1. Never trust anyone that tells you that it can be done easily as it will need help from lawyers on getting everything in order(and this is only the first step!).
2. Never trust anyone who tells you to buy it with him/her (Bumi) and then share the lot and afterwards sell it to you or that
they cannot sell it without your knowledge, etc. A lot of things can be circumvented if they are bumi and that land is a
bumi lot.
3. Never trust anyone who tells you that after the bumi land is acquired by them, it can be turned back into an international
lot easily and resold to foreigners. There is a reason why it is a bumi lot and 15% cheaper in Johore.

No comments:

Post a Comment