AskGuru Q&A Community

Question

Home Selling

Asked by Anonymous 6 Jan 2020

Hi I have a question. I’m currently bought a new condo in kl. Currently been paying the progressive interest every month. Can I sell this condo before the condo is VP?

104 views

Upvote Upvoted

2 Answers

Previously Asked Questions

<en>David</en> <en>Wong Lai Kwong</en> · Answer 1 · 2020-01-16T12:47:24+08:00

<en>David</en> <en>Wong Lai Kwong</en>

Replied 16 Jan 2020

Different developers have different policies on this. You will need to find out from the developer whether they would grant you consent to resell the property as you are just a beneficial owner during progress payment stage.
It probably requires the termination of the previous SPA and the signing of the SPA with a new buyer and developer. If there is a profit or differential sum after the resale, it will need to be sorted between you and the new buyer. Read More

Upvote Upvoted

<en>Marilyn</en> <en>Khor</en> · Answer 2 · 2020-05-10T16:09:21+08:00

<en>Marilyn</en> <en>Khor</en>

Replied 10 May 2020

Greetings from Ohmyhome Realtors. We are able to assist you on this matter. For more information, you may contact or whatsapp us at 019-2665593 Read More

Upvote Upvoted

AskGuru Q&A Community

2 Answers

Still looking for answers?

Get advice from our community of experts

AskGuru Q&A Community

Want this question answered?

2 Answers

Still looking for answers?

Get advice from our community of experts