Land share project is to buy a piece of land together with several people and then develop a building there together and share a flat or apartment on the basis of everyone’s partnership.
✅ Advantages
1. Land can be purchased at a low cost
– Buying land alone is very expensive, but if multiple people buy it together, the cost is shared.
2. It is easier to own your own flat
– If everyone buys land and builds, everyone can ensure their own share (flat).
3. Everyone benefits if the price of land increases
– If the market price of land increases, the partners benefit equally.
4. There is more security in a trusted group
– Risk is reduced if family or relatives do it together.
5. Freedom in design and building control
– Unlike a contractual developer, the partners can build the building according to their own preferences.
