Definition, Meaning & Synonyms

new-build

noun

/njuː bɪld/

Definition

A newly constructed building, typically referring to residential properties or commercial structures that have been recently completed or are in the process of being built.

Examples

The new-build apartments in the area are attracting many young families.
Investors are keen on purchasing new-build properties to flip for profit.
The developers hosted an open house to showcase their latest new-build projects.

Meaning

The term ‘new-build’ is commonly used in real estate to describe properties that are brand new and have never been lived in or occupied before. These buildings often feature modern designs and amenities.