Off the plan finance refers to purchasing property which has not been completed yet i.e. prior to construction even being started or those that have land issues being sorted out. Purchasing off the plan has become increasingly popular in recent years as it’s cheaper and commands a higher price once the property has been completed. However, the difference with this type of purchase is that you are purchasing the developer’s plans as opposed to seeing the property prior to purchase. It is also important to note that it takes time to complete these types of development projects.

It is important to bear in mind that like all other purchases this one too bears an inherent risk. This is why we ask that people do not rush into these types of purchases, do your homework prior to committing to a purchase.


If you are considering a purchase then we have compiled a list of what you should look for. This will help you be informed of your purchase hence reducing the chance of making a bad investment.

  • Get some information about the developer’s history.
  • Get a pre-approval from the bank of your choice for the purchase. Make sure it is affordable and put together contingencies for an upward trend in the interest rates.
  • When the development is in process, you should save as much as you possibly can.
  • Study the plans of the property carefully so that you know you are getting what you think.
  • An independent valuation is required to ensure that the price you get is not inflated.
  • Ask about the ‘sunset clause” and its terms.