30.08.2010 - Macau: Real estate matters: Off plan investment
From Macaudailytimes.com.mo: Buying an off the plan property is a common vehicle of investment the world over and Macau is no different. Buying off the plan, as the term suggests, involves entering a contract to buy a property before construction is complete. For developers, selling off the plan helps keep their cash flow positive and minimises the risks of large-scale projects. By securing pre-commitments, the viability of their development should be guaranteed. Of course, buying off the plan means you are punting on buying at the right price and achieving good capital growth and can be a very good proposition for those that can predict the real estate market accurately and can anticipate the success of investing in an apartment complex in a certain area...........................................Full Article: Source
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