This big chunk of private homes are likely to stay unsold
Is the government freaking out by supply scare? It looks like a lot of homes will be displaying “For Sale” signs on their doors instead of the usual “Welcome” rugs as a big bulk of private homes on the Confirmed List for 2H14 is likely to remain unsold. According to Barclays, private housing (including ECs) on the Confirmed List for 2H14 is down 15% h/h and 34% y/y to 3,915 units. The bulk of the supply is now made up by the Reserve List, which has also been scaled down and which is unlikely to be triggered for sale should market conditions continue to deteriorate....
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