What is an EOI in real estate?

An Expression of Interest or EOI in real estate is an early indication from a buyer that they are interested in purchasing a property in an upcoming or pre-launch project.

What does Expression of Interest (EOI) mean in property transactions?

It means that the buyer is formally expressing their intention to consider buying a property before the project is officially launched or bookings begin.

How does the EOI process work in real estate projects?

Buyers submit an EOI form with basic details, select a preferred unit type, and usually pay a small token amount to register their interest in the project.

Is an EOI legally binding when buying a property?

No. An EOI is generally non-binding, which means that the buyer is not legally obligated to purchase the property.

What is the difference between EOI and booking a property?

An EOI indicates interest in a project, while a booking confirms the purchase, usually involving a legally binding agreement and a higher payment.

Do buyers need to pay money when submitting an EOI?

Yes. Developers often require a small token amount to confirm serious interest in the project.

Can an EOI amount be refunded if the buyer decides not to proceed?

In most cases, the EOI amount is refundable, depending on the developer’s stated refund policy.

Why do developers invite EOIs before launching a real estate project?

Developers use EOIs to measure market demand, understand buyer preferences, plan inventory, and build early momentum before the official project launch.