A good distress deal survives scrutiny. Before you commit funds, run through these checks — they take a day or two and can save you from an expensive surprise.
- Original price: ask for the SPA or developer statement, not a screenshot
- Market value: compare against recent registered transactions for the same building and layout
- Payment status: get the developer's statement of account showing paid and outstanding amounts
- Transferability: confirm the developer will issue an NOC and what percentage must be paid first
- Fees and charges: service charges, arrears and the full transfer cost in writing
If any of these can't be produced, slow down. Genuine motivated sellers usually have the paperwork ready because they want the sale to close quickly.
