The total sub-sales in the private residential market of Singapore real estate industry rose in 2022 to their highest level since 2013. Total transaction stands at 765 transactions indicating a 34.7 per cent jump from a year ago. This sales numbers act as an indicator of speculative buying in the Singapore real estate. This indicator of such rising numbers also signals a return of the buying momentum of real estate defying the challenges of cooling measures implemented recently.
What is a sub-sale? – A sub-sale of a new condo is recorded when a buyer resells a property bought directly from the developer, before the project is completed.