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 Can i sell my property?, that is still on construction

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TSmmw5610
post May 17 2018, 01:36 PM, updated 8y ago

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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.
taitianhin
post May 17 2018, 01:44 PM

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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
cdspins
post May 17 2018, 01:50 PM

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QUOTE(mmw5610 @ May 17 2018, 01:36 PM)
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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The answer is Can.

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
hanhanhan
post May 17 2018, 02:39 PM

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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.
aaron1717
post May 18 2018, 09:35 AM

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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....
navysealsniper
post May 19 2018, 03:10 PM

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Before new project VP can sign new SPA with new buyer?

 

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