Chart of the Day: How many residential units were unsold in Q4?
In 4Q16, number of unsold units were down to 23,041.
The latest figures from Urban Redevelopment Authority revealed that there was a total supply of 40,913 uncompleted residential units in the pipeline, compared with the 43,693 units in the previous quarter.
Of the said numbers, 19,071 remained unsold as of the past quarter. After adding the supply of 9,635 EC units in the pipeline, there were 50,548 units in the pipeline.
In terms of the EC units in the pipeline, 3,970 units remained unsold. In total, 23,041 units (including ECs) remained unsold.