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Developers still ignore fines, transfers held up
 
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Developers still ignore fines, transfers held up
Mar 21, 2011
NSTP
THE 10 developers in Selangor which sold Bumiputera lots to non-Bumis have yet to pay the fines amounting to RM10-3 million to the state government for not getting the go-ahead to sell unsold properties allocated under the Bumi quota after a certain period-Reportedly, this is holding up the transfer of ownerhsip of commercial and residential lots to about 300 non-Bumi buyers-Developers which failed to obtain approval to sell such allocated lots to non-Bumis are liable to a fine amounting to five per cent of the property price-...

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