Possible to let go?
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 Sep 20 2024, 12:40 PM, updated 2y ago
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#1
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Junior Member
453 posts Joined: Jul 2016 
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I bought a condo around 2019.
Done signing the S&P and been paying the interest for the loan. The project is soon to complete, I have not signed the CCC or VP. Since the delay been a while, I am also renting somewhere else. Question is it possible to let go this unit? Considering the unit is also further than currently I prefer, how to let go this unit? |
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Sep 20 2024, 01:02 PM
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#2
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Senior Member
2,236 posts Joined: Nov 2007
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where is the property? how much?
when is VP? |
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Sep 20 2024, 05:35 PM
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#3
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Junior Member
453 posts Joined: Jul 2016
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QUOTE(matrix88 @ Sep 20 2024, 01:02 PM) where is the property? how much? Location at Semenyih, cost around 300k+when is VP?  VP is around next month or two Coming back to main topic, I am looking to see if it's possible to let go the unit before signing CCC/VP? |
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Oct 2 2024, 07:11 PM
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#4
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Senior Member
1,197 posts Joined: Oct 2006 From: Kuala Lumpur 
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QUOTE(potatobanana @ Sep 20 2024, 05:35 PM) Location at Semenyih, cost around 300k+ short answer: noVP is around next month or two Coming back to main topic, I am looking to see if it's possible to let go the unit before signing CCC/VP? long answer: yes but it'll cost u alot (min 20% forfeit by developer + admin charges + loan early settlement penalty) then u need find buyer to sign new S&P with developer. buyer pay u undertable for the 'profit' |
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Nov 25 2024, 08:43 AM
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#5
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Senior Member
696 posts Joined: Mar 2013
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Technically, the house is not belong to you until VP. So you can't sell the house yet.
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