[MEMBER] Sales & Purchase Agreement, Template, Sub Sale, Under Construction

This is a Sub Sale Agreement whereby the Property is sold to 2nd Purchaser while property is still under construction. The 1st Purchaser/Vendor has not completed the payment to the Developer yet as the payment made to the Developer is by way of progressive billing relative to the completion of relevant stages of the building within 24 or 36 months duration. Thus, the payment to be made by 2nd Purchaser will be towards the developer on the balance portion, the 1st Purchaser/Vendor’s financier and lastly to the 1st Purchaser/Vendor.
Update 10.01.07
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