Reasons to Sell Treasure at Tampines Easily
What is a Subsale unit?
A sub-sale is defined as a customer bought unit from the developer and then he sell his unit to other buyer before the completion of TOP. A unit buying at the developer and selling before TOP to other buyer is called subsale unit.
For example, if you buy a unit in new launch project which will TOP after four years, but you will sell your unit after three years, this means a subsale.
What is the Difference Between Subsale and Resale?
Resale property is nothing but buying a unit and selling unit after the completion of the property to other buyer and for the subsale property, it is slightly difficult as 3 members involved. In this first developer will launch the project, then developer will sell whole project before TOP. After one of the buyer will buy a unit in new launch project. After 3 years before TOP, buyer will sell their property to make profit before TOP to another buyer.
Due to the current stamp duties, the original buyer will need to pay Seller’s Stamp Duty (SSD) because he/she has not owned the property for at least 4 years, and will probably mark up the price just to break-even.
For example, Treasure at Tampines is a project which is launched by the developer in the year 2019 and its TOP will be in the year 2023. So people who bought a unit in Treasure at Tampines in the year 2019 can sell their property now and make profit before TOP. Those who are looking for property investment, they can buy other new launch property.
Why is Treasure at Tampines easy for selling?
Because of the following reasons Treasure at Tampines is easy to sell to other buyer.
First point is located at a housing estate where more than 200,000 HDB housings are available. Limited condos available in tampines street. So, many of the HDB upgraders resident near the treasure at tampines. Upgraders mostly try to buy private properties like Treasure at Tampines condo. Now subsale units are available in Treasure at Tampines, most of the HDB upgraders choose to buy a unit in Treasure at Tampines. There is more potential buyers and demand for the Treasure at Tampines units chance.
Second reason is there are more than 2000 units in this development, generating a greater volume of transaction. This, in turn, would result in higher selling prices. Selling price than the previous. This is because every seller would not want to sell lower than what they have bought and to make a loss in their transaction. Therefore, they are likely to compare and benchmark with the recent transactions.
Third point is at a low entry price when buyers buy direct from the developer, the gain over this purchase is a given. When these buyers decide to sell their units subsequently, they would be able to price their units competitively, despite having already gained in the capital appreciation.
So now there is a chance to sell your unit before TOP and you can make profit. I am the resident agent of Treasure at Tampines and I am also invested in this project while working with this property from launch. So I analysed the rental rate and resale price, I have also invested in Treasure at Tampines. Contact me for any queries I am ready to clear all your doutes and help you in property investment.