Brokers remain “neutral” on Singapore’s private residential property sector as private home sales data released on Thursday showed continued strong growth in February, indicating the government may introduce more cooling measures.
In December, Singapore’s government announced new measures to cool the housing market as residential prices in the city-state held up well despite a slowing economy.
In December, Singapore’s government announced new measures to cool the housing market as residential prices in the city-state held up well despite a slowing economy.
OCBC Investment Research said additional property curbs were the main risk local residential developers faced.
CIMB said despite more property launches last month, the take-up rate was strong with many small units of development being bought.
DMG & Partners also kept its “neutral” rating on developers, with a narrowing restated net asset value (RNAV) discount on the sector, but said it prefers real estate investment trusts to developers.
In response, property designers may also suppress on property releases, and turn to review sales instead.
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