Fewer property flippers in condo sub-sale market, but deals in Q1 still ‘highly profitable’
Sellers raked in median gain of S$257,000, up 30% from profits between 2020 and 2023
Add BT as a preferred source
[SINGAPORE] Sub-sale volumes in Singapore’s private housing market – where buyers can “flip” a new unit before the project is completed – are on the decline, with speculative buying dampened by cooling measures and wider economic uncertainty now exacerbated by tariff-induced volatility.
Even so, the majority of such transactions remained highly profitable. Sellers earned a median gross gain of S$257,000, data from local property portal Mogul.sg showed.
According to statistics from URA Realis, there were 292 sub-sale transactions in the first quarter of 2025 – down 26 per cent from a recent peak of 393 units in Q4 2023. The past year also saw a gradual decline in sub-sale volumes since Q4 2023.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
MAS convenes bank CEOs over AI cyberthreats; boards told to own risks, not leave to IT teams
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
LTA circular to potential EV charger owners reveals hundreds of e-mail addresses under carbon copy feature
