Chart of the Day: Over 47,000 residential units will flood the market until 2016

Another 32,000 are in the pipeline after that.

This chart from the Urban Redevelopment Authority (URA) shows that a total of 21,319 residential units are expected to be completed in the next three quarters of 2015 while another 25,769 are expected to be completed in 2016.

These figures include ECs and are on top of the 23,298 residential units completed for the entirety of 2014.

After 2016, a total of 16,186 units will be completed in 2017 while 15,642 units will be completed in 2018.

The URA also noted that as at the end of the 1st quarter of 2015, there was a total supply of 68,201 uncompleted private residential units excluding ECs in the pipeline, slightly lower than the 68,960 units in Q4.

Of this number, 27,061 units remained unsold as at Q1. After adding the supply of 15,441 EC units in the pipeline, there were 83,642 units in the pipeline.