By law, developers must park 30% of construction costs in a regulated escrow account to ensure the funds are dedicated solely to the project. Alternatively, off-plan sales can only start after reaching 30% completion.
By law, developers must park 30% of construction costs in a regulated escrow account to ensure the funds are dedicated solely to the project. Alternatively, off-plan sales can only start after reaching 30% completion.
This is general information from the website library. Confirm current rules, fees and property details with the relevant authority before acting.
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