Successfully Preselling Unbuilt Condominiums using Virtual Reality

Image by Outer Realm, Development by Lendlease and Magellan Development Successfully Preselling Unbuilt Condominiums using Virtual Reality New Development Real Estate projects are inherently risky ventures. They require huge capital expenditures for construction and other development costs, and are sensitive to the broader market conditions. In residential real estate, this is most pronounced in the condo sector. When you are building individual homes, you have the flexibility to build in phases, depending on demand. But in condo development, you have to build the building(s) in one go. Financing new condo developments is tricky because most such developments have pre-sale requirements. Typi

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