What Does It Mean?
BUC stands for Building Under Construction — a property, usually a new launch condo, that has been sold but not yet completed (pre-TOP). BUC purchases follow the Progressive Payment Scheme, with the loan drawn down in stages as construction hits milestones, so interest during construction is lower than on a completed unit. BUC units carry construction and completion risk but let buyers lock in today's price for future delivery.
Why It Matters
Buying under construction lets you lock in today's price and pay progressively, easing cash flow during the build. The trade-off is completion risk and a 3–4 year wait with no rental income, so BUC suits buyers who can hold and are betting on price growth to TOP.
Where to Find This on ShiokNest
- Progressive Payment Calculator
- New Launch Purchase Checklist
Look for the tooltip icon next to this metric on ShiokNest for a quick reminder of its definition.
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Frequently Asked Questions
How do I pay for a BUC property?
Is interest lower on a BUC loan?
This glossary article is auto-generated from ShiokNest's financial data and updated periodically. Rates and figures are current as of July 2026. Check official sources for the latest.