A major concern was the escalating oversupply situation in both the residential and commercial space, while at the same time, sellers were struggling to secure sales due to the prevailing weak economic environment.
* Over the past five years, annual completion of houses fell to 80,089 units, far below the 166,000 average net increase in the number of households annually.
* Average shortage of 85,911 housing units per year between 2011 and 2015.
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