Chart of the Day: Here's how bad residential mass market was over the last two years

Resale units sold last month was down to 200.

Resale transactions dipped in 4Q12, likely a seasonal effect, said CIMB. The bulk of the drop, it said stemmed from mass market units priced under S$1,000 psf.

Resale prices inched up by 6% from 3Q12.

Overall, CIMB notes that the resale market appears to be picking up and it expects more policy headwinds if no further correction is seen in the next few quarters.

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