Difference between Off-the-plan and Houses on Land
                     DIFFERENCE BETWEEN OFF-THE-PLAN 
AND HOUSES ON LAND
You are certain that you desire a brand-new 
house. But should you 
buy a house and land package or choose 
an off-the-plan deal for your subsequent 
real estate purchase?
WHAT YOU RECEIVE UPON SIGNING 
What you own and when you 
own it is one of the key 
distinctions between these two 
types of property acquisitions. 
And it might be important to 
buyers who want to know they 
are getting something for their 
money right away. 
OFF-THE-PLAN: UP UNTIL SETTLEMENT, 
NOTHING 
In an off-the-plan purchase, the 
entire title is transferred only after 
the building is finished and not 
before. Thus, it may take years 
after you pay the deposit before 
you actually own anything. 
OFF-PLAN: AFTER CONSTRUCTION IS 
FINISHED 
One of the primary motivations is the 
expectation that the property value would 
increase after construction completion. This 
encourages buyers to consider an off-the-
plan purchase. With 
off-the-plan purchases, purchasers 
typically make a down payment and hold 
off on making any additional payments until 
settlement has taken place. 
OFF THE PLAN: UPON COMPLETION OF THE 
HOME 
 COMPARED TO ESTABLISHED PROPERTIES, 
THERE MAY BE AN OPTION TO DEFER ANY 
STAMP DUTY PAYMENTS FOR OFF-THE-PLAN 
PROPERTIES FOR 3, 12, AND OCCASIONALLY 
15 MONTHS. DEPENDING ON WHAT STATE 
YOU BUY IN, YOU MAY BE ABLE TO DELAY 
PAYMENTS FOR A CERTAIN PERIOD OF TIME. 
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