no, u can't refinance when property under con.

btw, even if u refinance, they new loan only offers about 85% for condo, and 90% for landed. during construction period, u pay only interest, principal is untouched or unpaid for in any way.

so, if say ur loan amount was RM200k with the original bank, new bank can only offer u RM170k if condo unit. so u need to settle RM30k with ur original bank plus other admin & lock in period charges just to settle the original loan amount, not to mentioned all the interest u've paid during construction.

that oso depends on the value of ur property. If your property is valued less than ur earlier purchased price, u have bigger problem. cos for refinancing case, bank will only offer max 85% for condo & 90% for landed based on current market value of ur property.

based on current economic situation, property prices has dropped by about 12-13% from its original price. so u will get refinance offer much less than ur original bank loan amount.