By law, developers must park 30% of their construction costs in a regulated escrow account before they can begin off-plan sales. Alternatively, they may start sales without an escrow account only after the project has reached 30% physical completion.
By law, developers must park 30% of their construction costs in a regulated escrow account before they can begin off-plan sales. Alternatively, they may start sales without an escrow account only after the project has reached 30% physical 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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