Also called: Ready to move in, RTM, Ready possession
A completed property you can occupy straight away, typically with an occupancy certificate in place. Also called ready to move in or RTM.
How it works and what to check
A ready-to-move home removes construction and delay risk, and no GST applies if it is sold after the completion certificate. The price is often higher than an under-construction unit in the same area.
Check that the occupancy certificate is actually issued, not applied for, and inspect the flat itself before paying.
Common questions
Is GST payable on a ready-to-move flat?
Not if it is sold after the completion certificate is issued.
Does ready to move always mean OC received?
It should, but some listings use it loosely. Ask for the certificate.