The iconic 54-story contemporary all-glass masterpiece, designed
by world renowned architects.
Frequently Ask Questions
Buying a pre-construction condo actually is cheaper than buying
resale. You have the freedom to choose exactly what you want in
terms of location within the building, square footage, floor
plan, and interior design choices. You can select the types of
flooring, counter-tops, cabinets, and more.
EB-5 Green Card
Become a United States citizen. After the successful completion of the
EB5 program, investors and their family members are given a conditional
resident status in the United States, which may be converted into a
permanent residency with a path to citizenship.
What is a presale or preconstruction condo?
A presale is when a developer offers condos to the market in some
cases before construction of the building has started.
You only need to pay a deposit. You will still pay the full
price, but you don’t need to take out a home loan on the property
right away. The deposit will range from 5 to 10% of the
purchase price, and further 10 to 15% increments throughout the
building project. Your deposit is held in a trust account until
the building is completed. If for any reason the developer does
not finish the building, the full amount will be returned to you.
What is the down payment for a condo?
The short answer is 3 percent to 20 percent of your unit's purchase
price, with 10 percent being common for those buyers who must rely
on conventional loans to finance their units. In theory, down payment
requirements for a condo should be similar to those for a
Why buying a preconstruction condo is a smart investment?
The great demand for condos in prime locations means that you don't
have to wait nearly as long to see a return on your investment. It is
usually easier to rent or sell a never lived-in condo than it is to
sell one which is older, at least if you are looking to make a solid
and decent return on your investment.
What are the required depostis for preconstruction condos?
With most preconstruction condos you will be required to deposit
twenty (20) percent by the time the developer "breaks ground".
Typically, there is an initial reservation fee, then the remainder
of the first ten(10)percent at the time of contract. The final ten
(10) percent is required when the developer breaks ground.