By Calvin Yeo (reproduced with permission from his blog www.investinpassiveincome.com)

A constantly debated topic in Real Estate has always been whether one should buy completed or under development properties. The answer is: it depends on your need and situation. I for one have done both and I would like to share my experience. Frankly, I dislike buying under construction properties nowadays as I hate waiting a long time before I start seeing any Real Returns. However, I will still go through the Pros and Cons of each.

Pros of Buying Underdevelopment Properties

1. Developer Freebies

Developers often give freebies like Free Stamp Duty, Free Legal Fees, Rebates and others. There are also developments where the Developer absorbs the interest during the construction period, known as Interest Absorption Scheme/Deferred Payment Scheme. In some lesser known developments, Developers may also give out Rental Guarantees for a number of years ...