RESIDENTIAL PROPERTY | Staff Reporter, Singapore

Chart of the Day: Home sub-sales hit 11-year low in 2017

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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