Singapore Stock Market News

Singapore Property - Downhill continues

StockFanatic
Publish date: Fri, 16 Jan 2015, 12:26 PM
StockFanatic
0 10,452
Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
Dec-14 new home sales fell 46% MoM to 230 units, extending the decline in the preceding month. Prices remain stagnant in view of developers' strong balance sheets and rising difficulty in landbank replenishment. We expect 2015 to be another subdued year for the residential sub-sector, marked by marginally higher mortgage rates, tepid volumes and declining market share. Unless existing cooling measures are relaxed, we find it difficult to turn positive on residential-focused developers. GLP and CAPL remain our top picks.
Read more »
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment