Is off-the-plan off the table?
Off-the-plan apartment sales have taken a hit from the COVID crisis, but a newly released survey of more than 200 developers reveals while the damage is real, it is more limited than many had feared.
Buying apartments off-the-plan can have significant risk in a rapidly falling market. Photo: Shutterstock (Image source: Shutterstock.com)
Off-the-plan apartment sales have taken a hit from the COVID crisis, but a newly released survey of more than 200 developers reveals while the damage is real, it is more limited than many had feared.
While 60 per cent of developers reported their sales declined by up to 25 per cent, fewer than 20 per cent of developers had their sales rates halved or worse.
The report was compiled by Investorist, a business-to-business off-the-plan sales platfo…
