SGX Stocks and Warrants

Author: kimeng   |   Latest post: Fri, 19 Jan 2018, 09:13 AM


SG Residential Sector: Collective Sales Market Heating Up

Author:   |    Publish date:

Last week, MCL Land agreed to acquire Eunosville through a collective sale transaction for S$765.8m, which including an estimated S$194m differential premium translates to a bullish S$909 psf ppr.

Coming on the heels of the Oxley-led consortium’s en-bloc acquisition of Rio Casa for S$575m, Eunosville is the fourth enbloc transaction to date and brings the year-todate total to S$1.5b – already past the S$1.0b and S$380m annual totals seen in 2016 and 2015, respectively.

We expect to see more collective sales this year as developers move quickly to replenish their landbanks, which for many now lie at multi-year lows given falling home prices since 2014.

Through our channel checks, buyer sentiments appear to have improved after the latest tweaks to the property curbs in March where some measures relating to the SSD and the TDSR were relaxed.

We believe these changes were, on a net basis, supportive of the physical market and continue to forecast for home prices to reach an inflection point by 2018.

We maintain a BUY rating on the property sector and our top picks are CapitaLand [BUY, FV: S$4.07], Wing Tai [BUY, FV: S$2.37] and Wheelock Properties (SG) [BUY, FV: S$2.27].

Source: OCBC Research - 5 Jun 2017

Share this

Related Stocks

Chart Stock Name Last Change Volume 
CapitaLand 3.82 +0.01 (0.26%) 11,498,000 
Wing Tai 2.36 +0.02 (0.85%) 809,200 
Wheelock Prop 1.97 +0.02 (1.03%) 440,400 

Market Buzz

Stock Date Type Subject
CapitaLand 19-Jan-2018 Announcement Change in Corporate Information
CapitaLand 18-Jan-2018 Announcement General Announcement::CapitaLand signs MoU to explore investing in an integrated development in Wuhan, central China
CapitaLand 15-Jan-2018 Announcement Change in Corporate Information
Wing Tai 17-Jan-2018 Blog 17th January 2018 STI Market Update: CityDev Building Dreams.

  Be the first to like this.


246  133  240  424 

Top 10 Active Counters
 CPLW 0.049-0.008 
 Allied Tech^ 0.071-0.001 
 Blumont^ 0.006+0.002 
 Golden Agri-Res 0.38-0.005 
 Sembcorp Marine 2.30+0.20 
 CPKW 0.176+0.015 
 Cosco 0.51+0.015 
 Midas 0.161+0.003 
 APAC Strategic 0.0020.00 
 Jiutian Chemical 0.0790.00 


1. First REIT: Valuations Suggest Further Upside SGX Stocks and Warrants
2. Cache Logistics Trust: Active Portfolio Rebalancing SGX Stocks and Warrants
3. First REIT: Good FY17 Scorecard SGX Stocks and Warrants
4. Soilbuild REIT: Expected Set of Results SGX Stocks and Warrants
5. Yanlord - [Watching With Interest] Singapore Humble Stock
Partners & Brokers