Asked by Anonymous
I am confused about the buzz around projects that are undergoing constructions and will be available a few years later, but you can book and purchase the unit first with a lower price. Most of the condo projects are currently in this kind of state. My question is: is buying this kind of property ideal? As most agents/the public say that the price is gonna shoot upon completion, and if you don't grab this opportunity now, you cannot expect to use the same amount of money to purchase the identical property when it is ready in a few years time? However, you might face too several problems: not getting the realistic product upon completion, progressive interest, moving to other areas or changing jobs in the few years period, and much more. Please advise and thank you. #AskingSean
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