
Pre-construction discount is a type of financial incentive. Developers offer this discount to buyers.
The purpose is to attract investment before construction completes. This concept differs from other financial incentives like post-construction discounts or cash rebates.
The difference lies in the timing of the offer. Pre-construction discounts are available only before or during the construction phase.
Pre-construction discounts feature early bird specials. Developers provide these specials to the first few buyers.
Examples include reduced prices for the first ten units sold. Another popular feature is flexible payment plans.
Developers allow investors to pay in installments over the construction period. For instance, a 30% down payment followed by incremental payments until completion.
Bulk purchase discounts constitute the third feature. Investors purchasing multiple units at once receive significant price reductions.
An example is a 5% discount on the total price for buying more than three units.
Common features of pre-construction discounts include price lock guarantees. This guarantee secures the purchase price against future increases.
Waived maintenance fees for the first year serve as another common feature. Free upgrades on finishes and fixtures, such as higher quality countertops, represent a third common feature.
These upgrades enhance the value and appeal of the property without additional cost to the buyer.
Unusual features of pre-construction discounts sometimes include naming rights for the development. Early buyers might have the opportunity to name a communal facility.
Priority unit selection offers buyers the first choice of units based on their preferences. Customizable floor plans allow buyers to alter the layout of their unit before construction is finalized.
These features are less commonly offered but highly valued by buyers seeking a personalized property.
Unique features of pre-construction discounts include access to private events with the developers. Buyers might receive invitations to exclusive gatherings that provide networking opportunities.
Another unique feature is the inclusion of art pieces from renowned artists in each unit. Some developers offer a free temporary housing option if the project faces delays in completion.
These unique incentives provide additional value and reassurance to the investor.
Comparing pre-construction discounts with similar features like cash rebates reveals distinct advantages. Pre-construction discounts often offer a deeper level of financial benefit and personalization options for the buyer.
Cash rebates, while immediate, do not typically afford the same level of investment growth potential or customization that comes with pre-construction purchases.
For more information on terms discussed, visit our glossary about Bangkok real estate.