Presale is a great way to start investing in the real estate market or buy property.
Another advantage of purchasing a presale is that you can make a significant capital gain through investing in the right project and assigning the unit prior to completion!
The minimum Depsoit required is usually 5-10%, but there is usually some flexibility on the deposit structure.
Yes, buyers are exempt from paying property transfer tax, if the purchase price is below $750,000 and the property is going to be used for personal use. From $750,000 to $800,000 will be partial exemption. The maximum saving can be up to $13,000.
Yes, in almost all projects, your deposit will be kept in a lawyer’s trust account until completion. In some rare cases, the funds may be used by the developer, but there will be insurance in place to secure the funds.