Possible to sell property UNDER CONSTRUCTION?
|
|
 Feb 18 2010, 09:36 PM, updated 16y ago
Show posts by this member only | Post
#1
|
 
Junior Member
7 posts Joined: Feb 2010  
|
Does any of the sifus here know if it is possible to sell a condo under construction?
I purchased a condo in 2008 and took an 80% loan with the bank. The condo is about 75% completed. Thank you in advance!! |
|
|
|
|
|
Feb 19 2010, 08:15 PM
Show posts by this member only | Post
#2
|
|
Senior Member
864 posts Joined: Apr 2006
|
QUOTE(RenuChin @ Feb 18 2010, 09:36 PM) Does any of the sifus here know if it is possible to sell a condo under construction? Yes you can sell it.I purchased a condo in 2008 and took an 80% loan with the bank. The condo is about 75% completed. Thank you in advance!!  Please consult your lawyers for the laws and get a buyer. |
|
|
Feb 19 2010, 11:25 PM
Show posts by this member only | Post
#3
|
Junior Member
426 posts Joined: Jan 2010
|
QUOTE(0106127 @ Feb 19 2010, 08:15 PM) Yes you can sell it. r u sure?..if the agreement explicitly says no? Please consult your lawyers for the laws and get a buyer.  |
|
|
Feb 20 2010, 04:38 AM
Show posts by this member only | Post
#4
|
Senior Member
7,923 posts Joined: Feb 2007 From: 1 Malaysia
|
u can sell. but u get the first 10% payment only. full payment when property is completed?
|
|
|
Feb 20 2010, 09:24 AM
Show posts by this member only | Post
#5
|
|
Junior Member
426 posts Joined: Jan 2010
|
QUOTE(airline @ Feb 20 2010, 04:38 AM) u can sell. but u get the first 10% payment only. full payment when property is completed? really? that means, still we have to get the consent from developer or wat? |
|
|
Feb 20 2010, 11:53 AM
Show posts by this member only | Post
#6
|
Senior Member
734 posts Joined: Jan 2003
|
Read the agreement, follow by talking to your lawyer.
Or just called up the developer... Different developer draft different T&C |
|
|
Feb 20 2010, 01:16 PM
Show posts by this member only | Post
#7
|
Senior Member
6,657 posts Joined: Jul 2006
|
any property under master tittle u will need developer consent to sell, loan side u pretty much have to fork out the balance of the loan tht hasn't disbursed by bank to the developer 1st.
|
|
|
Feb 23 2010, 03:58 PM
Show posts by this member only | Post
#8
|
Junior Member
439 posts Joined: Jan 2003 
|
No. You don;t fork out balance to the developer upfront. Consult a lawyer.
|
| Change to: |  0.0167sec
 0.81
 5 queries
 GZIP Disabled
Time is now: 22nd December 2025 - 06:00 PM |
Quote