The Real Deal New York

50 percent buyer deposits are here to stay, developers say

Payment structure preventing rush of speculators that fueled last bust
By Francisco Alvarado | May 17, 2015 01:00PM

From the South Florida website: Even though his company loosened the time frame in which buyers can put money down on a new condo at Brickell City Centre, doesn’t mean he’s forsaken 50 percent deposits on units, Swire Properties President Stephen Owens told an audience in Coral Gables Friday morning. [more]