Developers often impose a lock in period preventing investors from reselling an off plan unit until a certain percentage of the purchase price usually 30 to 40 percent has been paid. This policy prevents speculation and flipping in the very early st…
Developers often impose a lock in period preventing investors from reselling an off plan unit until a certain percentage of the purchase price usually 30 to 40 percent has been paid. This policy prevents speculation and flipping in the very early stages of a project. Investors need to be aware of these restrictions to plan their exit strategy and ensure they have sufficient liquidity to meet payment milestones before they can sell.
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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