With subsale becoming more attractive for cashflow and control, a natural question arises: Why do so many agents still choose to focus on project sales?
The answer is not emotional. It is economic and structural. Project selling still offers advantages that subsale cannot replicate — especially for agents who know how to work the system, manage volume, and leverage strong developer partnerships.
Here is the real breakdown of why the Project Game is still alive and thriving.
Let's look at the raw math.
Standard Subsale Commission: Capped at 3%.
Project Commission: Ranges from 4% to 10% (depending on developer, phase, and bulk negotiation).
Even if we take a typical 5% project commission and deduct 0.5%–1% for fast-commission interest costs: The agent still pockets 4%–4.5%.
That is significantly higher than the standard subsale rate. For agents who treat real estate as a "margin game," projects still offer the highest payout per unit of effort.
The "hidden cost" of fast commission only applies to agencies with weak cashflow. Top agencies with strong financial reserves often absorb the interest cost as a recruiting tool:
This creates a Capital Advantage. Agents stay with these agencies because they effectively earn 10–20% more than peers at weaker agencies who suffer deductions.
Subsale involves operational friction:
Project selling removes this friction:
Agents prefer predictable flow over operational chaos. In projects, the product is standardized, the price is fixed, and the legal process is streamlined.
It's true that the "Golden Era" of one agent selling 20 units effortlessly is gone. But volume selling still happens for those who have:
Project sales enable Volume-Based Income, which subsale rarely offers. An agent who sells 5 project units earns significantly more than an agent who closes 5 subsale deals—and they can likely close those 5 project units faster because the paperwork is centralized.
Subsale requires 50% of your time to be spent on Hunting (sourcing listings). Project selling allows 90% of your time to be spent on Closing.
The "busy work" is lower. The workflow is simpler. For high-performance closers, this efficiency is addictive.
Project sales are beginner-friendly because the barrier to entry is low:
New agents can start selling immediately after one briefing. Agencies know this — which is why project sales remain the primary engine for mass recruitment.
Agencies using ListingMine infrastructure and ACN principles can scale project sales far beyond individual limits:
When structured properly, even average agents can hit high volume — making project selling feel effortless. This type of "Factory-Style Selling" is impossible to replicate in the fragmented subsale market.
Subsale wins on cashflow, stability, and control. Project wins on margin, simplicity, and scalability.
Project selling survives — and thrives — because it serves a different psychology. For the agent who wants to build a system, leverage capital, and close volume without dealing with owner drama, projects remain the superior game.
The market doesn't favor one over the other. It rewards those who pick the model that fits their strengths.
Dreaming of building your own real estate firm? The upside is real—but so is the need for ruthless financial planning. Many passionate agents don’t fail for lack of deals; they fail because they undercapitalise and misjudge cash-flow timing.
Read...
Ready to earn like an owner—without the risk of being a boss? If you’re a strong real estate producer or recruiter, you don’t need to start your own agency (and shoulder the overhead, legal exposure, and admin burden) to build a real business.
Read...Every agent dreams of passive income. Rentals and REITs are great—but they’re slow and capital-intensive. If you’re already closing deals, the fastest path to “passive” isn’t a new investment. It’s leveraging the business you’ve already built.
Read...