The number of speculative activities has receded over the years.
This chart from OCBC Investment Research shows that only 367 sub-sale units changed hands in the marketplace, marking an 11-year low.
"We see fewer risks in the Singapore market as the number of speculative activities has receded over the years, based on the number of sub-sales transactions tracked," said OCBC analyst Andy Wong Teck Ching.
To illustrate, there was an average of 3,108 sub-sale transactions between 2009 and 2012. The big declines started as early as 2010 at 3,242 units and started hitting three digits in 2014 at 571 units.
Also read: Singapore sub-sales hit 8-year low
Sub-sales accounted for 1.9% of all sale transactions in Q4 2017, compared with 1.2% in the previous quarter.
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