Property in Malaysia for sale and rent | Buy, Rent and sell real estate and homes

Hi,

I wanted to buy a property under construction from an individu (that person had bought the property from developer and had decided to sell the property although it is still under construction.

I want to know in terms of:

i) risk
ii) financing - if i get loan for property under construction, at least the amount paid to the developer is staggered and I dont have to pay straightaway. But if I buy from the individu, I have to pay the total amount and I have to start pay the loan.

Pls help!

Hi

I have similar question. I am a Sgp planning to buy an uncompleted terrace from a 1st owner.
No one can tell me if this is allowed and i dont want to lose my earnest deposit to the seller through a technicality.

The terrace cost more than the stipulated 500k RM


Thanks v much

try in us property, it's a good to buy a property in us

I am mortgage loan officer for Hong Leong Bank. It is sad to tell you that I dont reccomend you to do this deal because subsale of under construction property is UNABLE to apply loan with banks. Anyway, if u have any problems or questions bout property or loans, or if you interested to buy a property or apply mortgage loan, do drop me a call or send a msg to my mailbox at This email address is being protected from spambots. You need JavaScript enabled to view it. . I could deal with most of the banks in Msia so dont worry. Looking forward to hear from you

Maria Hisham wrote:


If you are interested and legally that is OK then you may go for it. You also have to keep in mind the worth of that area where it is located so that if you want to sell after some time then it does not make a problem for you. It is not risky but read all tips before purchasing or consult with any agent over there that is more useful thing for you.

I think buying an under construction property seems a good idea because it saves a lot of time and effort. Market price or an appraisal should be consider before buying the property. Must check the property ownership of the seller either it belongs to him or not. A lawyer can be very helpful to handle legal acts.