Chart of the day: Over 2,000 completed private condos sitting empty islandwide
A whopping 82% is in the CCR.
Over 2,300 completed private condominium units remained unsold as of the first quarter, a report by Barclays revealed.
Of this number, a whopping 82% or 1,905 units are luxury projects located in the Core Central Region.
Apart from the completed and unsold units, there are also 5,636 uncompleted units which have been launched but remain unsold.
There are another 19,359 uncompleted and unsold units which are yet to be launched.