Off-plan property can be a great deal, lower price, better unit choice, and room for appreciation before handover. But it can also go very wrong. Here are the seven warning signs to watch before you sign anything.
1. No Completed Projects to Visit
If a developer cannot show you a finished, occupied building, not just renders, walk away. A track record is non-negotiable.
2. Shaky Land Title
Verify the Certificate of Occupancy (C of O) directly at the state land registry. If the developer is vague about title documents, your investment is at risk from day one.
3. Nothing in Writing
Every payment, deadline, and specification must be in a signed contract reviewed by your own lawyer, not just the developer’s. Verbal promises are worthless.
4. Prices Way Below Market
A legitimate off-plan discount is 10–20%. If pricing looks 40–50% cheaper than comparable finished units nearby, ask why. It usually means a problem: bad title, cash crisis, or fraud.
5. No Visible Construction or Proof of Funding
Construction that has been “about to start” for months is a serious warning. Ask for approved building plans, site visit access, and evidence that the project is properly financed.
6. High-Pressure Sales Tactics
“Only one unit left.” “Offer expires tonight.” Legitimate developers welcome your due diligence. Anyone discouraging you from consulting a lawyer or reviewing documents carefully has something to hide.
7. No Delivery Date or Penalty Clause
“When it’s ready” is not a delivery date. Your contract must state a specific completion date and what compensation you receive if the developer misses it significantly.
Quick checklist before you pay:
- The developer has completed projects that you can physically visit
- C of O verified at the land registry — in the developer’s name
- Signed contract with payment plan, specs, and delivery date
- Penalty clause for delays included
- You had time to review documents without pressure
At M and N Properties Limited, every development comes with a verified title, transparent contracts, and a proven delivery track record. Browse our current projects at www.mandnpropertiesltd.com or contact our sales team today.