These offerings represent a bundled purchase where a residential property and the plot of land it will occupy are acquired simultaneously from a single vendor. As an example, a buyer might select a pre-designed home model to be constructed on a designated section within a newly developed subdivision.
This type of property acquisition can streamline the building process, often providing cost efficiencies through bulk purchasing of materials and economies of scale. Historically, these packages have been a popular entry point for first-time homeowners due to their simplified financing options and the opportunity to secure a brand-new dwelling. This can foster regional development and contribute to housing supply.
