A presale is a property that’s available to purchase before being move-in ready. You can choose to buy either before construction starts or during construction.

A pre-construction condo is a unit that is for sale, but that has not yet been built. Buyers review architectural models and renderings, then reserve a condo in a planned condominium building. Often, buyers can customize flooring and finishes to suit their taste.

Pre-construction sale is property purchase transactions that commence before construction of the new project’s (typically condominiums) completion. Pre-construction prices are usually lower than those of new, existing, or “already built” properties.

New construction is a condo which construction has been completed, and the home is move-in ready, yet has not been sold.