Singapore Stock Market News

Singapore Property - Bottom In Sight?

StockFanatic
Publish date: Wed, 02 Jul 2014, 10:30 AM
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While the government could start relaxing demand-side property curbs following an 8-10% meaningful decline in property prices, the deceleration in the decline to 1.1% qoq this quarter from 1.3% qoq in 1Q14 could signal an approaching bottom, "un-warranting" significant government intervention. Look out for the HDB resale segment which registered the sharpest decline of 5.1% yoy.

Our preferred picks include deep value and diversified developers, such as Keppel Land, CapitaLand and Wing Tai.
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