A Sub-developer is an entity licensed to conduct real estate development that is granted the right by a Master Developer to develop a specific part of a larger Master Project. Their activities must align with the Master Community Declaration and the…
A Sub-developer is an entity licensed to conduct real estate development that is granted the right by a Master Developer to develop a specific part of a larger Master Project. Their activities must align with the Master Community Declaration and the overarching plans for the community. Sub-developers are responsible for disposing of units within their specific project and must comply with all DLD and RERA regulations regarding off-plan sales, escrow accounts, and the eventual handover of the property to buyers.
This is general information from the website library. Confirm current rules, fees and property details with the relevant authority before acting.
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