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 Buy house which still in construction

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Michaelbyz23
post Apr 26 2022, 09:58 AM

Sarawak Maju Makmur
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4,546 posts

Joined: Jun 2009
From: Selangor / Sarawak / New York



Yes, considered Subsale, but depends on developer whether they want to give consent to the original purchaser to sell the house to you. Usually no consent will be given for under-construction units. Consent usually granted only when OP is issued, unless otherwise given exception by developer. Next question is, your bank will also not likely to approve your loan. Unless you're buying off cash?
Buying subsale off under-construction unit doesn't have any benefit (unless way cheaper and no need to pay 10% deposit), such as HDA protection, DLP warranty, or LAD in case of late delivery of VP. But again, this you need to check see if developer is willing to transfer these benefits to you.

Better check.

This post has been edited by Michaelbyz23: Apr 26 2022, 10:05 AM

 

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