Wholesaling condo (pre-selling stage)?

[Ava G.]

I've been posting about our first investment lately and I'd like to get an idea if this is a sound investment.

We are not Americans and not residing in the US so our market is quite different. In our country, there are only very few highly urbanized areas (you can count them with one hand). Now, we are eyeing to buy a pre-selling condominium unit at the heart of one of the fastest growing urban locations in the capital. It's near offices, international schools, malls, and parks. This development is run by one of the top / most reputable real estate developers in our country with a good track record of finishing their projects and has been around for years.

We are planning to buy / reserve a condo unit with small monthly payments for 5 years (for our salary, it's not a big amount). At this stage, it has just opened for pre-selling and at its lowest price. We can reserve and then sell it for a profit when it's near finished or finished.

Of course, as with any investment, there's risk. But since I'm very new to this, I'm not sure if this makes a sound investment.