Reading a possession date: what the dates in a brochure mean

Every project shows a status and a date. They answer a simple question: how long until the keys are in your hand?

The labels

• Ready to move. The building is complete. You can inspect the exact home, and the date is today.
• Under construction. Work is underway. The date is a promise to the authority, and it can slip.
• New launch. Sales have begun, usually before most construction. The longest wait and the most uncertainty, often at the lowest price.

What to ask

• Which stage is the building at today? Ask for dated site photos.
• Has the completion date changed since registration?
• What does the agreement say if possession is late?

A longer wait is not automatically worse. It is a trade between price and certainty, and the right choice depends on when you need to move.