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 Selling undercon condo, VP on September 2016

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TSmafa2801
post May 20 2016, 04:56 PM, updated 10y ago

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Hi sifus,

My condo about to gain VP this coming September.
I purchased it at 400K (SNP), with discount 10%. Therefore, my actual unit price is actually 360K.

Let say if i want to sell the unit at 400K also same as SNP, before gaining VP or let say this coming august..

will i face any difficulties? Is it allowed?

Furthermore, my loan dont hv lockin period.

Seek for advise. notworthy.gif
kcpanadol
post May 20 2016, 05:02 PM

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will kena TAX by our beloved Chicken
jacob888
post May 20 2016, 05:04 PM

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QUOTE(kcpanadol @ May 20 2016, 05:02 PM)
will kena TAX by our beloved Chicken
*
I don't think he'll kena tax, snp price 400k, selling price 400k, 0 profit, where got tax
kcpanadol
post May 20 2016, 05:05 PM

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they are poor ... they know where to suck ur money ...
TSmafa2801
post May 20 2016, 05:29 PM

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ok let say if no tax need to be paid..i still can sell it right?
devil86
post May 23 2016, 03:48 PM

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Interesting, want to know also.

But if the property is still under cobstruction, why do ppl want to buy from u at S&P price? May as well they buy directly from the developer, coz normally developer will give more benefit such as rebate for those property under construction. Unless the units are fully sold..
TSmafa2801
post May 23 2016, 04:06 PM

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QUOTE(devil86 @ May 23 2016, 03:48 PM)
Interesting, want to know also.

But if the property is still under cobstruction, why do ppl want to buy from u at S&P price? May as well they buy directly from the developer, coz normally developer will give more benefit such as rebate for those property under construction. Unless the units are fully sold..
*
Purposely bought it for own stay but suddenly need to transfer far away from KL (another branch). sad.gif
I know that renting it will be good. But, nowadays its hard to get tenant.

oxm8
post May 24 2016, 04:54 PM

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Yes. You can sell.
no one can stop you from selling
pspkelly
post Jun 6 2016, 01:18 AM

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QUOTE(mafa2801 @ May 20 2016, 04:56 PM)
Hi sifus,

My condo about to gain VP this coming September.
I purchased it at 400K (SNP), with discount 10%. Therefore, my actual unit price is actually 360K.

Let say if i want to sell the unit at 400K also same as SNP, before gaining VP or let say this coming august..

will i face any difficulties? Is it allowed?

Furthermore, my loan dont hv lockin period.

Seek for advise.  notworthy.gif
*
Hi, I m looking for undercon condo, can u pm me more details?
Thanks
aaron1717
post Jun 6 2016, 09:14 AM

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selling undercon condo.... you can sell but you can only transfer the title after VP? isnt it so?
peri peri
post Aug 9 2016, 12:07 PM

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QUOTE(oxm8 @ May 24 2016, 04:54 PM)
Yes. You can sell.
no one can stop you from selling
*
no, you need concern from developer.

mostly developer dont allowed. or they will charge you a sum of fee. many name changing and transferring need to do.

somemore large chunk of penalty to be imposed by loan bank.

losses until pant also gone
peri peri
post Aug 9 2016, 12:08 PM

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QUOTE(aaron1717 @ Jun 6 2016, 09:14 AM)
selling undercon condo.... you can sell but you can only transfer the title after VP? isnt it so?
*
no, there are already a temporary title to TS. developer need to make resubmission to land office if transfer again, very leceh, may jam up the whole land title presentation. very risky to developer

 

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