00:02A businessman who bought a commercial property 16 years ago was shocked to learn it was registered
00:07as a Bhumiputra quota lot, a restriction that only surfaced when he tried to sell the unit recently.
00:13Datuk Patrick Sim told a press conference on Thursday that he bought the property for
00:182.4 million ringgit through a real estate agent. He said he remained unaware of the restriction
00:24until August 22nd, when his lawyer received a clarification letter from the developer
00:28and the revelation derailed an active transaction.
00:32The lawyer made the S&P do everything already, sent to the developer, then developer just
00:40sent back the one letter, sent back the one letter. This is for the, he said this is a Bhumiputra
00:47lot. How come 60 years ago I not know this until I want to sell, I just know Bhumiputra
00:57I'm feeling uncomfortable and I think people cheating me lah. Okay, I also do the police
01:03report. So I said all the stories in the report. Oh, you wrote report against who? The developer?
01:09Of course, developer lah. I'm feeling cheating. Okay, in this case, just let you know, cut
01:14short lah, that he found out later, 16 years later, he just found out that it's all Bhumiputra
01:20when he attempted to sell. So now, all those people, buyer, who have bought lah, please lah,
01:27go and check lah. Make a check and don't, you know, don't, because some of the buyer may
01:33know. They know some Bhumiputra lot, they want to try, it's too bad lah. But those who really
01:38don't know one, please go and check. Okay? And they have to look for, quickly, look for
01:46any other legal means or anything lah, can get it done legally.
01:51Sim said he had lodged a police report and urged authorities to investigate potential fraud
01:56regarding the land title's status. The MCA Public Services and Complaints Department called
02:02on the police to determine if the case involves cheating under the Penal Code, questioning
02:07how the developer could sell a restricted unit to a non-Bhumiputra without the required
02:11conversion approvals.
