It means buying property before construction of the property begins or during its construction. All you have to go on when purchasing property off-plan is floor plans, maybe a site layout, architectural designs or architectural model houses. Basically, it’s buying property off the plan. Personally, I wouldn’t part with a cent on the strength of a drawing or Lego-like model houses, but then again, off-plan property buying isn’t for the faint-hearted. I’m talking about how people are living life off-plan — deeply invested in a future life before it even gets here.
Source: The Star May 18, 2019 17:26 UTC