I'm thinking of buying/selling a house currently under construction but not from the developer but from the owner. Have never done this before, my previous purchases have always been either a completed property or from the developer itself. My concerns is the financial side ie. bank has not made full disbursement etc. and obviously the legal side that is ownership ie. the developer hasn't handed over the keys, no CF obviously, what about land title etc.

Have googled around but there aren't many clear answers. Comments/help appreciated.

difficult...SNP clause says cannot, loan agreement depends, mine says cannot..2 cents

In such instances, I'll ask the agent, your lawyer, the bank, the owner (for his SPA) and the developer (preferably, not the sales ppl). Check the version of each story!

If you can furnish the foll info, I may be able to offer some suggestions:

1) Is the developer open to the sub-sale?
2) What is the billing stage?
3) How much has the original purchaser (P1)..ie your seller paid?
4) Does P1 have a loan? Is money disbursed? If yes, how much?
5) Is this a landed or strata-titled property?
6) If landed, is title issued?