Chart of the Day: Number of unsold private condo units dip to 17,178 in Q3

6,006 more units are expected to come in Q4.

This chart from the Urban Redevelopment Authority (URA) shows there was a total of 17,178 private condo units unsold in Q3.

As at the end of 3rd Quarter 2017, there was a total supply of 35,022 uncompleted private residential units, excluding Executive Condominiums, in the pipeline with planning approvals, compared with the 35,423 units in the previous quarter.

Of this number, 16,031 units remained unsold.

After adding the supply of 7,254 EC units in the pipeline, there were 42,276 units in the pipeline with planning approvals. Of the EC units in the pipeline, 1,147 units remained unsold.

In total, 17,178 units with planning approvals, including ECs, remained unsold.

URA said 6,006 units in total will be completed in Q4. Another 11,519 units will be completed in 2018.