Dear all, I need advise on selling my newly completed condo. I would like to sell off the condo and buy a landed property. However, I am unsure of the exact calculations for my selling price. The loan is still within the lock-in period. Here are some questions I have :

1. Will I need to pay for RPGT as well as lock-in penalty ?
2. How is the lock-in penalty usually calculated ?
3. Any formulas that can be used ?

Hope to hear from the financial experts. Thanks a lot

1. Yes, you need to pay both.. If you engage agent to sell for you, prepare 2 - 2.75% of sales comission
2. Never read your loan agreement before signing? most based on 3% of total amount, some based on remaining amount
3. Its all in your loan agreement..

Good Luck

agree..

well...look like u gonna bear with it for another 5 years if u dont wanna lose a lot of $$

Well if you see after deducting all this still healthy margin of profit then why not?

Lock-in penalty is dependent. If I ain't mistaken, HSBC is 3.5% penalty on the total sum borrowed.

As to RPGT, if you make $ selling it, U'll need to pay the 5% RPGT on what you make.