Units sold before they are built. You pay in stages against construction milestones and take handover at the end. The price is lower than a completed equivalent because you are carrying the risk that it does not finish on time, or at all.
Units sold before they are built. You pay in stages against construction milestones and take handover at the end. The price is lower than a completed equivalent because you are carrying the risk that it does not finish on time, or at all.
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Everything here works on the numbers you type in. None of it is advice.
Buying before completion
Every off-plan listing states a handover date. Treat it as an intention rather than a commitment, and ask what the contract says happens if it slips — a date with no consequence attached to it is not a date.
Payments are released against milestones. The value of that structure depends entirely on who signs off each milestone. An independent supervising engineer or quantity surveyor certifying progress is meaningful; the developer certifying their own progress is not.
Ask what happens to your money if construction stops. Staged payments held by a notary and released on certificate are a very different proposition from payments made directly into a project account.
Everything here works on the numbers you type in. None of it is advice.