Do you know traditional construction & precast concrete

Please discuss about the traditional construction (brick, column type construction) and precast type (readymade wall or panel and slab/hollow core) and also mention advantage and disadvantage.
Such as
• traditional construction precast concrete
• house to build 8 to 12 months 2 to 3 months
• labor 15 to 30 per day 5 to 10 per day
• cost supposed to 6 million 3 million
Occupy/rent after year 4 months
Please noted that the precast concrete are using for villas and also high rise building in arab countries