Secondary Market

The secondary market encompasses all property transactions between private parties rather than developers, including resale apartments, villas, and commercial units in completed developments.

Market CharacteristicsFeatures
Pricing mechanismMarket-driven, supply-demand
Transaction volumeHigher than primary market
Property ageExisting, established communities
Buyer profileMix of end-users and investors
Comparison to Primary MarketDistinction
Developer involvementNone, private seller
Payment termsFull payment at transfer typical
ConditionAs-is, inspection recommended
Negotiation flexibilityHigher than off-plan
Market IndicatorsSignificance
Transaction velocityMarket health signal
Price trendsLeading indicator
Inventory levelsSupply pressure measure
Days on marketLiquidity indicator

Related Terms

Net Asset Value (NAV)Resale PropertyReady PropertyOff-Plan PropertyTransaction Volume

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