Transfer ownership of strata titles

I'm pretty sure few owners had done the transfer. But nevertheless, few owners still in the process of getting the right lawyer to do the job. As stated in the letter by developer dated 15 July 2011, we're supposed to execute the transfer within 12 months.

So, just for a quick references, following are some info I gathered about the process.

What is transfer ownership of strata title?

(1) Any original proprietor or any person or body appointed by a court of competent jurisdiction shall execute the transfer of strata titles to the parcel proprietors within twelve months from the date of issue of strata titles by the Land Administrator or any extended period approved by the Director upon the opening of the strata register.

(2) Any purchaser shall execute complete documents of transfer of strata titles within twelve months or any extended period approved by the Director from the date of notice of transfer of strata titles issued by the original proprietor or from the date of purchase of the parcel, whichever is the later.

(3) Any original proprietor or any person or body appointed by a court of competent jurisdiction or any purchaser who fails to comply with subsection (1) or (2) shall be guilty of an offence and shall, on conviction, be liable to a fine of not less than one thousand ringgit and not more than ten thousand ringgit per parcel.

What are the documents that you must provide to your lawyer?

• Copies of all present and previous Sale & Purchase Agreements (if you are not the first purchaser, to show proof that you are the last buyer in the chain).
• Copies of present and previous Loan Agreement, Deed of Assignment, Deed of Receipt and Re-assignment (if any). 
• Strata Title (from the developer)
• Current year quit rent receipt.
• Current year assessment receipt.

How much to pay for the transfer? 

Basically 2 main cost involved which are the legal fee and stamp duty. So far, based on
priced quoted is around RM7k-RM8k.

I'm thinking we could form a group purchase so that we could obtain more competitive fee charged by lawyers. If you've choosen any particular law firm or you're personally know or worked as lawyer, feel free to contact me.

So, owners, please send in your contact if you plan to join in this group before 19 February 2012. At the moment, time is essense, as for execution it took around 3-4 months.

Hopefully we can get it done before the due date this July 2012.

Happy Thaipusam

A day to ask forgiveness and hope your wishes will be granted!

Best wishes to all my friends especially Hindu.

Happy Thaipusam 2012!

Locations of two more mass rapid transit lines identified

Some updates on the mass rapid transit lines. This news has confirmed the previous rumour saying the station located at the MATRADE and Mont Kiara. If the project goes as plan, need not to say, the potential of Dutamas area is enormous.
Following is the proposed MRT Map alignment.

Source: http://eforericyong.blogspot.com/2011/01/kuala-lumpurs-new-mrt-map-alignment.html

By SHARIDAN M.ALI
sharidan@thestar.com.my
Feb 4, 2012


Under the Greater KL/ Klang Valley Land Public Transport Master Plan draft, the Government has generally identified the locations of the other two mass rapid transit (MRT2) lines. The Greater KL/Klang Valley Region is identified as the critical economic growth centre as it generates over 37% of the nation’s gross domestic product. The region comprises Kuala Lumpur, Putrajaya, Klang, Kajang, Subang Jaya, Selayang, Shah Alam, Ampang Jaya and Sepang.

According to MRT Co, line two, the circle line (MRT 2) and line three (MRT 3) should be completed by 2020.

In the master plan draft, MRT 2 would cater for orbital movements around Kuala Lumpur, provide linkages to major developments identified in the DBKL City Plan such as Matrade and reach existing areas that were currently poorly served. “Orbital movements in KL would be addressed by the provision of a circle line as MRT 2. “This would link existing areas such as the Mid Valley, Mont Kiara, Sentul Timur and Ampang, as well as proposed developments such as Matrade.

“The circle line would encourage modal transfers in corridors that are currently poorly served by public transport as well as providing relief to the radial lines for those direct orbital journeys which have to travel via the city centre,” it said.

It was proposed that the MRT 2 makes use of the Ampang Branch of the Ampang Line to allow a higher frequency service to be provided on the main Star line towards Sri Petaling. The master plan draft says the circle line would be developed in at least two phases.

The first would be the western and southern sections linking Ampang with Mid Valley, Matrade and Sentul. The second phase would line Ampang with Sentul Timur, completing the north eastern sector of the circle line.

An initial estimate suggests a length of 29km for phase one with 22 stations. The second phase would be 12km with eight stations.

Meanwhile, the master plan says MRT 3 or the north-south (NS) line would cater for north-west corridor of Greater Klang Valley which was forecast to be overloaded in the future. “In the northern corridor, even allowing for the upgrade of KTMB, future travel demands indicate that there will be a need to provide enhanced capacity.

“For this reason, a new NS line is proposed to link developing areas such as Sungai Buloh, Kepong and Selayang with the eastern half of the city centre (including Kampung Baru and Kuala Lumpur International Financial District).