The Return of DIBS – Property Investors/Buyers Saviour?
What is DIBS? DIBS stands for Developers Interest Bearing Scheme where a property developer absorbs the loan interest of the purchaser during the construction period of a property.
Brief history of DIBS DIBS scheme can be traced back to around year 2009 where developers were offering to property buyers to absorb loan interest during the construction period of a property. DIBS are popular amongst developers because it is a smart marketing tool which can be used to entice potential house buyers into believing that they have found a good financing deal, without being aware that in the event of project abandonment they are liable for the loan.
Posted by Hong Thang on Wednesday, November 4, 2015
