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Chart of the day: Private residential supply in H2 2022 highest since 2018
However, it remains below the average supply of 9,000 units 10 years ago.
This chart from CGS-CIMB shows the number of residential units offered under the Government Land Sale (GLS) programme from 2010 to 2022.
The private residential supply in the second half (H2) of 2022 Confirmed and Reserve List is 12.5% higher half-on-half (HoH) as the government sought to address the dwindling unsold inventory situation.
Whilst the overall residential land supply earmarked under the H2 2022 GLS is the highest level since end-2018, it is still below the average supply over the past 10 years of c.9,000 units.
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