August 1, 2025
Real Talk with JKP Ep. 5 : Key Questions to Ask Before Buying a Ready-to-Move-In Apartment
Welcome back to Real Talk with John Keells Properties, where we simplify key real estate concepts to help you make smarter investment decisions.
In this episode, we’re focusing on the essential questions you should ask your property developer before purchasing a ready-to-move-in apartment. Ensuring that all legal and regulatory aspects are in order is crucial for a secure and hassle-free investment.
Essential Approvals to Verify
Before finalizing your purchase, confirm that the developer has obtained the following approvals:
- Certificate of Conformity (COC): This certificate ensures that the building complies with the approved plans and building regulations.
- Condominium Management Authority (CMA) Approval: This approval is essential for properties that are part of a condominium plan, ensuring proper management and maintenance structures are in place.
Key Documents to Request from the Developer
It’s advisable to obtain a comprehensive title pack from the developer, which should include:
- Deeds and Plans: All relevant deeds and plans pertaining to the main property on which the apartment is built.
- Developer’s Company Documents:This includes the Certificate of Incorporation, Forms 1, 13, and 20, and the Articles of Association.
- Regulatory Certificates:
- Draft Deed of Transfer:A preliminary version of the deed that will transfer ownership, which your lawyer should review.
Final Thoughts: Ensuring a Secure Investment
By verifying these approvals and thoroughly reviewing the necessary documents, you can proceed with confidence in your property purchase. Taking these steps helps safeguard your investment and ensures a smooth transition into your new home.
Stay tuned for more insights in our upcoming episodes, where we continue to guide you through the intricacies of real estate investment.
For a more in-depth discussion, watch the full episode here: Real Talk with JKP-Episode 5
