Buying Off-Plan: A Checklist Before You Sign

Off-plan homes can offer lower prices, flexible payment plans and a choice of the best units. They also mean committing money to something that is not built yet. Use this checklist before you pay a booking deposit.

The Developer

Look at what the developer has delivered before. Visit a finished project if you can, and ask residents about build quality and how the developer handled snagging. On AQAR, every developer profile lists its current and completed projects.

Registration and Escrow

Ask whether the project is registered with the Real Estate Regulatory Authority and whether your payments go into an escrow account tied to the project. Escrow protects your money by releasing it to the developer only as construction progresses.

The Payment Plan

Compare plans carefully. A 60/40 plan spreads 60 percent over construction and 40 percent at handover, while post-handover plans let you pay part of the price after you move in. Work out what you will pay each quarter and keep a buffer for registration fees and service charges.

Handover Date and Delays

Read the clauses on the expected handover date, the grace period and any compensation for late delivery. Construction updates on the AQAR project page show progress with dated milestones.

Specification and Floor Plan

Check the floor plan, the size measurement (internal or including balconies) and the finishing specification. Ask what is included, such as kitchen appliances, wardrobes and parking.

Resale and Assignment

Find out whether you can sell the unit before handover, and what fee the developer charges to transfer the contract. This matters if your plans change during construction.

When you are ready, register your interest on the project page and the developer's sales team will send the latest availability and price list.