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Originally Posted by Investy
As I keep saying - investors should only buy off plan if zero (or minimal) funds required until full handover of fully built property to include all promised infrastructure.
Better still, only buy fully built property and forget offplan all together.
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If everyone followed your advice there would be nothing for anyone to buy.
Every developments needs some cash flow to keep going.
If any developer has so much money to waste he may as well put it in th bank and settle for 7% profit with no risk or employment for any workers.
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This view also will deny potential risk takers from gaining substantial profit from big discounts during building stage of a development.
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