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Sub-sales in private property at 10-year high in 2022

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Ry-Anne Lim

Ry-Anne Lim

Published Tue, Mar 14, 2023 · 11:27 AM
    • Sub-sales have accounted for 5.7 per cent of all transactions in Q4 2022, based on data from URA Realis.
    • Sub-sales have accounted for 5.7 per cent of all transactions in Q4 2022, based on data from URA Realis. PHOTO: YEN MENG JIIN, BT

    SUB-SALE volumes, a key indicator of speculative buying in Singapore’s private residential market, rose in 2022 to their highest level since 2013 with 765 transactions, a 34.7 per cent jump from the year-ago period.

    While still a fraction of the 4,862 sub-sale deals recorded during the housing market’s peak in 2007, the rising numbers point to a return of trading momentum in a market where buying activity has been damped by cooling measures.

    A sub-sale is recorded when a buyer resells a property bought directly from the developer, before the project is completed.

    Residentialprivate home salesSingapore residential property

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