Red Flags: Don’t Buy If You See Any of Them! 🚩

  Often, people buy into projects only to be surprised by delays in delivery, difficulty in reselling, or a lack of appreciation in the property's actual value. Unfortunately, sometimes the developer defaults and the project is not completed. To avoid making the same mistakes, here are some red flags that may indicate the possibility of these problems. 1. If the developer has a poor track record of delivering projects more than a year late, 2. If the developer's after-sales service is poor, you will likely face difficulties in the future. 3. If the master plan has been changed multiple times for the same project—for example, a mall was supposed to be included but not included, or a building was built where a park was supposed to be—you could end up buying something and then finding something else entirely. 4. If construction doesn't begin within a year or a year and a half after sales open for the project, this means there's a 90% chance of a delay in delivery, or at least the developer intends to use the grace period stipulated in the contract. 5. Weakness in community management services in previous residential projects, if any. Community management is responsible for providing daily services to the project's residents. In conclusion: Currently, all developers make dazzling promises and use big names in planning and finishing. But the proof is in the execution and in keeping those promises. Research thoroughly and choose wisely so you don't regret it.