
Completion date in Bangkok’s real estate market is a type of project milestone. This milestone indicates when construction is finished and units are ready for occupancy.
Completion date differs from other similar concepts, such as launch date and presale period, by marking the actual readiness of the property for residents rather than the start of sales or construction phases.
Three features of completion date popular among foreign investors include the transfer of ownership, the start of the warranty period, and the beginning of rental income potential. Transfer of ownership enables the buyer to legally own the property.
The start of the warranty period guarantees the quality of the property against defects. The beginning of rental income potential allows investors to generate revenue from their properties.
Common features of completion date comprise the final inspection, issuance of the Certificate of Occupancy, and the final payment. The final inspection ensures the property meets all regulatory and building standards.
Issuance of the Certificate of Occupancy officially allows residents to inhabit the property. The final payment completes the purchase transaction.
Unusual features associated with completion date in Bangkok real estate include the involvement in community events, access to developer-sponsored amenities, and special welcome packages. Involvement in community events fosters a sense of community among new residents.
Access to developer-sponsored amenities offers exclusive benefits. Special welcome packages provide additional value to the new owners.
Unique features tied to completion date are developer handover ceremonies, customized interior design offerings, and post-completion support services. Developer handover ceremonies celebrate the project’s completion with the new owners.
Customized interior design offerings allow buyers to personalize their spaces. Post-completion support services assist owners in addressing any concerns after moving in.
The completion date’s unique features, such as developer handover ceremonies, emphasize the personalized and community-focused approach of Bangkok’s real estate market, distinguishing it from the mere transactional nature of similar milestones like launch dates or presale periods, which focus more on the sales process than on post-sales satisfaction and community building.
For more detailed definitions and insights into real estate terminology, visit our glossary about Bangkok real estate.