Platinum Phase
Pros
  • First on the list best price ( $5000-70,000 discount) for that project.
  • Before vip and public access
  • Guaranteed to have something in the inventory

Cons

  • Have to decide without a sales center
  • May have to decide without a real floor plan some times just floor plate
  • Will be rushed decision if project is hot.
  • Worksheet submitted with id, and sometimes a bank draft to show interest
  • Builder will allocate a suite on your preference
  • Can not be specific on suite as builder will allocate
  • Once allocated have 4 hours to decide to take the allocated suite or not. If the answer is no , no reallocation given must wait till next phase ( take it or leave it)
VIP Phase
Pros
  • Priced better than public release
  • Will have guaranteed suites if builder doesn't decide to blow out at platinum phase
  • Will have sales center and actual marketing material for comfort and pleasure of
    buying, model suites, website, brochures etc.

Cons

  • Price is slightly higher than platinum phase
  • Inventory depends on builder holds
  • May or may not be able to specify which suite you get depending on builder allocations
    or not
Public Release
Pros
  • Sales site, and all marketing materials ready
  • Not as pushed to make decision
  • Will have confidence of purchasing the condo knowing x amount sold already
  • Less time till finished product is constructed ( time is money)

Cons

  • May not have inventory depends if builder holds back suites
Most clients who have not bought many condos may often have a misconception that the platinum release of ANY project is better than the price of Public Release. That myth is false. The price of platinum is only better than the price of public release of the same project.
But on a Time Spectrum Case Study: ( simulation to give you an idea) If we were to compare same location 3 different projects.
June 2020
(Scenario of different Projects)
  • XYZ  condos:  Platinum Phase, 1 bedroom  500 Sqft $700,000.00
  • ABC  condos: Has not released yet
  • DEF or  condos: Has not released yet

(Scenario of Same Project Different Phases)

  • Phase 1 condos:  Platinum Phase, 1 bedroom  500 Sqft $700,000.00
  • Phase 2  condos: Has not released yet
  • Phase 3 or  condos: Has not released yet
July 2020
  • XYZ or condos:  Vip Phase ,1 bedroom 500 Sqft $725,000.00
  • ABC or condos: Platinum Phase 1 500 Sqft $725,000.00
  • DEF condos: Has not released yet

(Scenario of Same Project Different Phases)

  • Phase 1 condos:  Public, 1 bedroom  500 Sqft  Sold out or aligned with market value
    $725,000.00
  • Phase 2  condos: Platinum release 1 Bedroom $725,000.00
  • Phase 3 or  condos: Has not released yet
August 2020
  • XYZ condos:  Public Release ,1 bedroom 500 Sqft $745,000.00
  • ABC condos:Vip Phase, 1 bedroom 500 Sqft $748,000.00
  • DEF condos: Platinum release, 1 Bedroom 500 Sqft $750,000

(Scenario of Same Project Different Phases)

  • Phase 1 condos:  Sold out or Price Increased to be aligned with market Value $ 750k
  • Phase 2  condos: Sold out or Price Increased to be aligned with market Value $ 750k
  • Phase 3 or  condos: Platinum Phase $750k
If you look at the above example, If buyer John Doe was ready to buy in August 2020 for the same location same size unit, it is NOT necessary that Platinum release  access of DEF condos is cheaper than XYZ condos or ABC condos, the timeline is important, as well most often remaining inventory has higher incentive to clear out.
Long story short, its WHEN your ready to buy. Yes, Platinum is the cheapest for the
specific project. But that doesn’t mean that another product launched few months ago is more expensive than the current platinum release.