Advertisement

Car Park is included in S&P, can I sell the my flat but not sell car park?

137 Views  ⚫  Asked 4 Months Ago
asked on Jul 31, 2021 at 12:32
by  
Hello all,

the S&P of my unit of flat also contains a car park lot, can I sell my flat without selling my car park? can I sell this car park separately?

I bought this 2nd hand flat in Apr 2008.

thank you.
0 had this question
Me Too
0 favorites
Favorite
[ share ]
6 Answers

answered on Jul 31, 2021 at 12:52
by  
If ur parking lot have separate strata title. of course you can sell it as 2 entities.
0 found this helpful
Helpful

answered on Aug 1, 2021 at 14:14
by  
Hi Jeff, is strata title is in S&P or the Deed of Release? 

thanks
0 found this helpful
Helpful

answered on Aug 1, 2021 at 15:51
by  
edited Aug 1, 2021 at 18:15
by   jeff005
Try to understand my answer.

For high rise buildings, is there strata title issued by The Building Codes for common parking lots?

The strata title is for the area of the land /space that belongs to the buyer. Parking lots within high rise buildings remains with the developer until the hand over.  It is a "Master Land title" (in simple terms).

Once the owner (ex) sells, there is no longer any rights to that area. Parking lots are allocated and can be changed (location) with mutual understanding /agreement between developer and buyer usually at first purchase.
3 found this helpful
Helpful

answered on Aug 2, 2021 at 00:02
by  
so..since I am second hand buyer (first hand buyer sold to me) of the flat.. that means, there is no separate strata title to the parking lot.. is it?

thank you for your time Jeff.
0 found this helpful
Helpful

answered on Aug 2, 2021 at 01:16
by  
edited Aug 2, 2021 at 01:25
by   jeff005
.since I am second hand buyer (first hand buyer sold to me) 
No, that's not what I meant.
For High Rise bldgs, there are different laws pertaining ownership and most of the time sharing of utilities. How the mechanism works, that i,m not into it as I have never own a property before.
It is not the same as for double or single storey properties.

Buildup areas definition for homes is different too. "Quit rent" rates `is also different.

In normal situations for high rise apartments and condos, a parking space have to be provided for every unit as per building laws and code. There are also covered and uncovered carparks depending on location and the height of the building as well as for commercial cum residential units.

Strata Title (ownership) is issued once all the units are sold or duly "registered" lawfully which may take 3-5 years (subject to warranties period undertaken by the developer). Ownership is changed /registered according to the unit purchased which will actually comes with a parking lot accorded to the owner as per S&P. The parking lot is usually "allocated" usually by drawing lots. It comes as per package.

Yes, there are "sale" of parking lots. These can be illegal transactions of which is not recognized by building laws. It is private in nature and is very dangerous to the buyer (parking lot) when legal matters arises (like changes in ownership of the registered unit via disposal /sale or lelong by bankruptcy). The (a parking lot) follows the "unit" strata title according to the records registered with the Building Management.

In short, there is no strata title issued for individual parking lots unless there are new laws of which i,m not aware of.
3 found this helpful
Helpful

answered on Aug 5, 2021 at 20:16
by  
ok, noted..

thank you so much Jeff.

thank you
0 found this helpful
Helpful


You must log in to answer this question.

Not the answer you're looking for? Browse other questions by category or search to find answers.