i have a friend recommended me a condo.

its actually 2 units side by side where the owner have break the wall to make it into 1 big unit

the price is selling around 50% market rate but I was told that the is no assessment don't on the unit yet so getting a bank loan may be a problem.

I am not familiar with property issues so hope some sifu here can give some advise

My question:

1. what is this 'assessment' thing?

2. can the owner apply to do an assessment? how much will it cost?

3. what would be the risk to buy such property?

Thanks in advanced!

I think you mean valuation. Not assessment.
Anyway, is this unit?

nope. mine in penang... lol

so if no valuation what would it mean?? hard to resell?