Almost 40,000 private residential units remained unsold in Q4

The pipeline supply of 77,089 units was the highest ever recorded since 1999.

The Urban Redevelopment Authority, releasing the real estate statistics for 4th Quarter 2011, said:

As at the end of 4th Quarter 2011, there was a total supply of 77,089 uncompleted private residential units from projects in the pipeline, higher than the 76,255 units in 3rd Quarter 2011. The pipeline supply of 77,089 units was the highest ever recorded since such data was first available in 1999.

Of the supply in the pipeline, 39,184 units remained unsold as at 4th Quarter 2011. The unsold units comprised 10,741 units in CCR, 8,350 units in RCR and 20,093 units in OCR.

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