Kota Kinabalu: Residents and unit owners at 1Borneo have urged authorities to expedite the processing of their property titles, after landowner, United Sabah Islamic Association (Usia), rejected a developer's bid to take over the subsidiary title registration process and resolved to handle it directly.
The call came as Usia unanimously decided at a meeting on Jan 21 that all draft subsidiary title registration and Memorandum of Transfer processes for 1Borneo units would be managed by the organisation itself, shutting down a proposal by the developer's liquidator to have the draft titles returned to the company instead.
Unit owners at the meeting made clear they want the matter settled without further delay, noting that the formal handover of the draft subsidiary titles from the Lands and Surveys Department to Usia had already taken place in November last year, witnessed by the Chief Minister, yet title processing for individual owners had yet to begin.
Usia also resolved that the liquidator must submit a complete list of 1Borneo subsidiary title holders to Usia's Secretary-General within five working days.
The developer had maintained that under the sale and purchase agreements, it was the party responsible for processing the titles.
Usia, as landowner, rejected that position and moved to take charge of the process on behalf of the unit owners.
The meeting, held at Dewan Ilmu, Menara Usia, 1Borneo, drew nearly 50 stakeholders including unit owners, legal representatives and hotel management.
The liquidator for the developer was absent with apologies.