THE National Property Information Centre (Napic) recently released the 2024 property market update which showed that while overhang has dropped considerably, there has been some uptick in terms of construction activities.
Starts and new planned supply for the residential sector rose by 20.6% and 24.1% year-on-year (y-o-y) to 106,236 units and 100,461 units respectively. At the same time, the number of residential unsold units that are under construction increased by 19.2% y-o-y to 60,934 units.
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