A particular type of “investment” in target condominiums has become a simple way to wealth in some quarters. It is said that the turnaround “preconstruction” condos can do “a lot of money.”

This opportunity is created when the developers offer the lowest prices, the buyers have been completed before the plot (or be carried out even before it). Some buyers are buying with the sole idea of selling the condominium to come to an end or are terminated for a quick profit. So, the condos are returned.

But the danger of all is that condo prices are not rising, or even worse, the investor may not be able to find a buyer, and to live and to take possession or sell the apartment to a fire sale price.

Selling a lot of units “preconstruction” for investors, often the manufacturer. Developers are usually preselle a certain percentage of units for a loan to finance construction of qualifying.>
The problem is that markets are inherently unstable condo (at least more than apartments). When the wind developers may be in default due to skyrocketing interest rates, economic disaster, or just residential area in this particular market, you bet that the victim is looking for someone to blame.


Condos fate