New developments can be an attractive way to buy, but you commit before the building is finished. These questions help you understand what you are buying.
- What exactly is included: finishes, furniture, pool and parking?
- What is the tenure and, for leasehold, how many years does the lease run?
- What is the payment schedule, and which payments are tied to construction stages?
- When is completion expected, and what happens if it is delayed?
- What are the ongoing costs, such as management fees?
Ask to see the plans and the paperwork, and have an independent notary or legal adviser review the agreement before you sign. Our New Developments page lists current projects and the units available in each.
