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Should you buy completed or uncompleted condos?

FreeFlowchart

You carry the market risk from the day you sign until the building is finished

FreeFlowchart

You carry the market risk from the day you sign until the building is finished

Diagram. Uncompleted means the building is not finished yet

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You carry the market risk from the day you sign until the building is finishedDiagram. Uncompleted means the building is not finished yetLand. Developer buys. a siteLandDeveloper buysa siteNew launch. You pick a unit. and signNew launchYou pick a unitand signConstruction. You pay in. stagesConstructionYou pay instagesTOP or CSC. Building is. finishedTOP or CSCBuilding isfinishedCompleted. Move in, rent. out or resellCompletedMove in, rentout or resellWhat you gain. Wider choice of. unit and floorWhat you gainWider choice ofunit and floorWhat you risk. Market can change. before keysWhat you riskMarket can changebefore keysWhat you get. You see what you buy. and the keys come soonWhat you getYou see what you buyand the keys come soonBlue boxes = uncompleted: you wait years for the keys. Grey boxes = completed.

Source: PropInsights diagram of the life of a new project.

View the data as a table
You carry the market risk from the day you sign until the building is finished
StepDetailLeads to
LandDeveloper buys. a siteNew launch
New launchYou pick a unit. and signConstruction; What you gain
ConstructionYou pay in. stagesTOP or CSC; What you risk
TOP or CSCBuilding is. finishedCompleted
CompletedMove in, rent. out or resellWhat you get
What you gainWider choice of. unit and floor
What you riskMarket can change. before keys
What you getYou see what you buy. and the keys come soon
Topic
Should you buy completed or uncompleted condos?
Segment
Condos and apartments
Chart type
Flowchart
Access
FreeCSV download is for members.

Should you buy completed or uncompleted condos?

More charts in this topic

Previous chartCompleted condos often traded below uncompleted ones; new launches cost far more than…Next chartCompleted condos traded up to 13.9% below uncompleted ones, then caught up by 2013