Can i sell my property that is still on construction?
is about 70% completion now.
But i saw a new launching property that is even nearer to town.
Can i sell my property?, that is still on construction
Can i sell my property?, that is still on construction
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May 17 2018, 01:36 PM, updated 8y ago
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#1
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Senior Member
513 posts Joined: Mar 2010 |
Can i sell my property that is still on construction?
is about 70% completion now. But i saw a new launching property that is even nearer to town. |
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May 17 2018, 01:44 PM
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#2
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Senior Member
1,523 posts Joined: Apr 2005 From: too far to see |
not that easy....
I take is to write a 2-3 years SPA, but still you will get lock with a loan as long as is not sold completely |
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May 17 2018, 01:50 PM
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#3
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Senior Member
2,714 posts Joined: May 2008 |
QUOTE(mmw5610 @ May 17 2018, 01:36 PM) Can i sell my property that is still on construction? The answer is Can.is about 70% completion now. But i saw a new launching property that is even nearer to town. But your probably will make a loss as there is legal fee, stamp duty, not to mentioned if you take loan, penalty for lock-in period |
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May 17 2018, 02:39 PM
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#4
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Senior Member
1,205 posts Joined: Oct 2006 From: Kuala Lumpur |
» Click to show Spoiler - click again to hide... « yes, subject to certain conditions. Check your SPA for the conditions. either that or you can terminate ur purchase with the developer and secure a buyer to 'buy it over from u', then get the new buyer to sign new SPA with the developer. |
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May 18 2018, 09:35 AM
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#5
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All Stars
10,188 posts Joined: Apr 2012 |
u gonna incurred more interest losses and other expenses than you thought if u are buying hse using loan... better dont... already paid interest for current condo... now sell it maybe at a loss... and buy another new project... and continue incur progressive interest all over again and pay the related fees all over again....
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May 19 2018, 03:10 PM
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#6
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Junior Member
46 posts Joined: Dec 2010 |
Before new project VP can sign new SPA with new buyer?
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