Sectional Titles

Real rights option

The BusinessDayarticle Real rights option benefits sectional title buyers mentions the following benefits:
To the owner: direct involvement in the unit, a quasi owner-builder situation.
To the developer: substantially reduced holding costs and better cash flow because the purchase price for the real right (secured by a mortgage) can be paid directly to the developer on registration of the real right in the purchaser's name.
Although this mechanism has been around for many years, it has only recently been formulated for residential development.

Article in BusinessDay

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