Mar 13 2023, 09:08 AM
QUOTE(munak991 @ Mar 13 2023, 08:21 AM)
Hi all,
Asking for family member.
Currently they have try to ask around for buyer, no buyer interest.
There's multiple unit on bank lelong and also many units sells below market price.
This just example
The leasehold property initial price is 1 mil. Loan at 900k
Bank lelong around the area unfurnish 800k, online property price tag around 800-850k.
Urgently need to dispose this property. Due to not able to coop with it.
Few question,
1) if the property sell at loss, how does the offset amount been paid? The bank will still give another loan for that offset?
2) it's RPGT still in effect if sell at a loss?
Appreciate the answer
no taxAsking for family member.
Currently they have try to ask around for buyer, no buyer interest.
There's multiple unit on bank lelong and also many units sells below market price.
This just example
The leasehold property initial price is 1 mil. Loan at 900k
Bank lelong around the area unfurnish 800k, online property price tag around 800-850k.
Urgently need to dispose this property. Due to not able to coop with it.
Few question,
1) if the property sell at loss, how does the offset amount been paid? The bank will still give another loan for that offset?
2) it's RPGT still in effect if sell at a loss?
Appreciate the answer
you can finance or pay the difference
simple
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