14/12/2024
The oversupply of condominium units has shot up to an equivalent of 34 months as of November amid the sudden increase in availability of units, according to data released by Leechiu Property Consultants (LPC).
This means that it will take 34 months for the current supply to be sold, given the prevailing sales pace. LPC earlier said the market would normally see 12 months as a maximum.
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