In a subsale transaction, a buyer purchases a unit or property from an intermediate owner who has already entered into a Sales and Purchase Agreement (S&P) with the developer but has not taken physical possession or ownership of the property. Hence, the subsale unit is typically brand new in condition…
Tag: subsale
60-SEC READ
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SGPD 60-Sec Read: Resale vs. Subsale Condo Units
What are the key differences between a resale and subsale condo unit? Resale: A resale unit is one that has already been owned by the first or subsequent buyers, typically has been lived in either by the owners or tenants and is currently being sold to a new buyer in…