The completion date is the date by which an off-plan project, or a particular transaction, is expected to be finished. In off-plan purchases it is the anticipated point at which the unit will be ready for handover.
Where you’ll see it
You’ll see a completion date in the off-plan sale and purchase agreement, and in resale contracts as the date for the transfer. For off-plan, it sets buyers’ expectations for when they can take handover.
Why it matters
The completion date drives planning — for finance, for moving in, for rental income. Contracts often allow some tolerance, and buyers should understand their rights if a developer overruns significantly, since delays affect every downstream decision.
What it is not
A completion date is not always a guaranteed delivery date — off-plan contracts may permit grace periods. It is also not the same as the handover date, which is the actual day the buyer takes the unit, and may differ from the projected completion.
Example
An SPA states an anticipated completion date; the developer issues a handover notice as the project finishes, and the buyer takes handover around that time, subject to any permitted variation.
Connected documents and parties
SPA, project timeline, handover notice; buyer, developer.
Going deeper: related reading: handover and transaction timeline.
Related Terms
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