Hi Everyone,

As per title, I have a little regret after purchasing a subsale unit of RM350k , 988sqft, 3R2B low dense condo/flat.

Initially was planned for own stay and low monthly commitments but now I found out it's a bit far from the city, 20km+/-

More infos on my purchase :

-Signed SPA on August 2021
-Loan 35 years
-allocated 60k budget to renovate whole unit ( havent done )

highly appreciate if I could hear your opinion/advice on how I should handling the situation. Should I keep or let go at some loss?

may i know what is the expected loss resulting in this situation?

I doubt there is favorable clause in the SPA which allows you to opt out now on your own accord. You can recheck your SPA to be sure.

As this is a subsale, you can negotiate with the seller for an amount to walk away from the deal. the SPA is between you and the seller only, hence it's up to you guys to find an out of it.

Option to rent it out with minimal renovation (but from your feedback or 900/month vs 350K purchase price, it's a negative return).

Yes, there is nothing else can do other than adapt and overcome.

Do you mean within 3 years can sell because of terms & conditions?

Let's say i were to sell at 300k, may i know what's the steps and the 'differential' ?

Hi, thank you for answering, appreciate it.
Based on the info on the image, Let's say if i were to sell at 300k and 350k

what is the amount I should be settle with the bank?

I see, thanks for the calculation, it really made me easier to understand. May I know what is this mean : and the balance from the buyer