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> Sub Sale for Under Construction Property, Property

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TSevie_c
post Mar 21 2011, 12:48 AM, updated 10y ago

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Hi, I would like to check whether is it possible to sell a property under construction?

Can any one advise me on this?
TSevie_c
post Mar 21 2011, 01:05 AM

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QUOTE(CyrusChang @ Mar 21 2011, 01:59 AM)
Depend on developer!!!
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So it means that if the developer does not allow it then there's no way that the owner could sell the property until the completion of the property.. So that means I have to speak to the Developer or check the S&P for further clarifications...
TSevie_c
post Mar 24 2011, 10:03 PM

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Thanks everyone.. have check with the Developer and they do not allow any transfer of ownership during construction but we still can have sub-sale on the side and the new owner will only pay us 10% and the balance upon completion and hand-over of the key... so I guess not much difference if I sell it after completion of the property..

Thanks again...

 

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