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I am a first time property buyer who just made downpayment for a condo at Lorong 26. However, due to personal reasons, I might be looking to sub sell the condo (top 2015). Can anyone help me with the pros and cons of holding the condo til top, or sub sell it now, for a first time buyer. Thank you.
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3 Answers

Morning Melody,

It's not advisable to sub-sale your unit now, if you have purchased the unit just recently. You need to sell at minimum of 30% above your purchase price to break even.
You need to factor in the Seller's Stamp Fee of 16%, Bank's admin fee of 1%, Bank's Penalty Fee of 1.5%, paying back the legal fees subsidy that was given to you during the purchase, developer's admin charges, CVY account admin fee and not forgetting salesperson commission.

If you are ready to incur such loses, or your property have appreciated more than 30% in such short terms, or you are really in a bad condition to sustain it, then it's advisable to go ahead.

Do feel free to contact me for detail discussion.

Regards
Mike Lim
 96929209 
ERA Read More
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