FAQ

Pre-construction means buying a property before it's built, often while it's still in the planning or early construction phase. You secure your unit with a deposit and complete the purchase when the building is finished and ready for occupancy.

Deposits typically range from 15-20% of the purchase price, paid in installments over the construction period. The payment structure varies by developer but is usually spread over 18-24 months, making it more manageable than a traditional down payment.

Occupancy is when you can move into your unit and start paying occupancy fees (similar to rent). Closing happens later when the building is fully registered and you take legal ownership, pay the remaining balance, and start your mortgage.

Yes, through an assignment sale. If your contract allows assignments, you can sell your purchase agreement to another buyer before closing. Some developers restrict this, so it's important to review your contract terms upfront.

Main risks include construction delays, market value changes, developer reputation issues, and unexpected occupancy costs. Working with reputable builders and understanding all contract terms helps mitigate these risks.