When sales begin officially, it is called the Official Launch. Pre-launch is the project’s first phase where properties can be reserved. Developers in this instance are only offering 3D renders to prospective buyers; there is no pit available for construction.
A deposit and a document expressing interest are present in these situations (EOI). Developers refer to this as pre-registration.
An investor signs a standard purchase and sale agreement for the primary market (SPA) when sales start up officially.
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