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

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.