When you buy off-plan, you are relying on the developer to deliver what was promised, on time and to a reasonable standard. A beautiful launch does not tell you how they performed before.
What to look at
On-time delivery
Compare the promised handover date at launch with the actual completion date across the developer's past projects. One delay can happen; a pattern of long delays is a risk.
Completed projects
How many projects has the developer actually finished? A long list of launches with few completions deserves a closer look.
Stalled or cancelled projects
Any history of stalled or cancelled projects is one of the most important signals to check.
Build quality and handover condition
Look for consistent feedback from owners about quality, snagging and the condition of units at handover.
Post-handover service
How does the developer respond to defects and maintenance issues after handover?
Regulatory record
Check that projects are registered with the relevant authority and, for off-plan, that buyer payments go into an escrow account.
Questions to ask before you book
- Which of your past projects were delivered on time, and which were not?
- Is this project registered, and what is the escrow account?
- What do the contract terms say about delay penalties and cancellation?
How Verified Brick helps
Developer Reputation carries 20% of the Verified Brick score, the largest weight of any parameter. It looks at delivery history, completed projects, delays, handover information and other available indicators, always with the source and date shown.
This article is general information, not legal or financial advice.