1953 At the end of the year, when Henry Fok built a new building in Zhongfang Street (now Zhong Fang Street), Yau Ma Tei, Hong Kong, he paid the deposit for the first time and sold the house in stages before the construction started, which was called "selling uncompleted flats" as a result of flowering (payment).
Pre-sale of commercial housing, also known as "selling uncompleted residential flats", means that before the building only has design drawings, the buyer pays a deposit to pre-purchase the building, just like when the fruit tree is in bloom, the buyer pays for the "flowers" and then picks the "fruits" after the flowers bear fruit.
Extended data:
Related disadvantages:
1, that is, the advance payment of the buyer is not handed over to the third party for supervision, but directly to the developer. This makes some developers only pay attention to sales, not to quality, and even start selling as soon as they get the land, which leads to a large number of problems such as false advertising, deposit trap, contract fraud and selling more than one room. Some developers even caused unfinished projects due to the break of the capital chain, which seriously damaged the rights and interests of buyers.
2. In terms of property buyers, the investment risk is the highest, because there is a phenomenon of "buying cattle from other mountains". In addition to cash flow, bank mortgage, interest and other risks, there are also potential risks such as the integrity of developers, the protection of investors by local laws, unfinished buildings and shrinking buildings.
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Phoenix Net-If the mode of selling uncompleted residential flats ends, the property market may really change!