Because a sub sale happens before completion, the buyer effectively steps into the original purchaser's position under the developer contract, including any remaining progressive payment obligations under the Progressive Payment Scheme.
Seller's Stamp Duty applies to a sub sale exactly as it would to a completed unit: for property bought on or after 4 July 2025, 16 percent in year 1, stepping down to 0 percent after year 4. Most major developers permit sub sales, but usually require their written consent and an administrative fee.
Sub sale caveats, once lodged, typically appear on URA's REALIS transaction records within about 14 days, giving the market visibility into resale activity before completion for a given project. Buyers should check a project's sub sale volume and pricing against the original launch price, since a wave of sub sales ahead of TOP can signal either genuine profit taking or softer underlying demand.
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Book a free 30 minute callWinfred Quek is an Associate Marketing Consultant at Crestbrick Pte Ltd (CEA Licence No. L31010886H). CEA R073319H. This page is for general information only and does not constitute financial, investment, or legal advice. Verify current figures with IRAS, HDB, CPF Board, or MAS before making any decision.