Skip to main content
3Post Ad

Property developers

The companies building the projects sold off-plan on Pasaran. When you buy before completion, the developer’s track record is the asset you are relying on — more than the renders, the location or the price.

Buying before completion

Judge the delivered, not the drawn

Renders and specification sheets tell you what is intended. Completed projects tell you what actually gets built, how late it ran, and how the snagging was handled. Every developer profile lists their completed and ongoing project counts for that reason.

The single most useful thing you can do before reserving a unit is visit a project the same developer handed over two or three years ago and talk to somebody who owns there. Ask about handover delays, defect resolution and whether the shared facilities are being maintained.

  • Completed and ongoing project counts come from the developer’s own record on Pasaran.
  • Certifications listed on a profile are stated by the developer unless the profile is marked verified.
  • Ask who certifies construction milestones. Independent certification is worth far more than a brand.

Loading…

Questions worth asking every developer

Who owns the land now, and what title will units be delivered under? Which permits are already issued for the scheme as currently marketed? Who supervises construction and who signs the progress certificates that release your payments? What is the penalty for late handover, and what is the snagging window after it?

A developer who answers all four in writing without hesitation is telling you something useful. So is one who does not.

Figures and advice

Where a developer quotes a yield or an occupancy rate, it describes their own existing projects, is unaudited, and is not a projection for anything you might buy. Pasaran does not verify these numbers and does not provide investment, legal or tax advice.

Appoint your own licensed notary/PPAT — never the developer’s — before making a non-refundable payment. Current schemes are listed under off-plan property.