Singapore Stock Market News
Singapore Property - Single project booster
StockFanatic
Publish date: Tue, 18 Aug 2015, 06:27 PM
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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.
July 2015's primary residential sales of 1,594 units (ex-ECs) was triple of that a year ago, thanks to the boost by High Park Residences which saw an 85% take-up rate and made up 73% of the month's transactions. Excluding this, the remaining sales were fairly similar to June's, indicating anaemic but stable demand. We expect the residential market to remain lacklustre in the absence of policy catalysts, while the large incoming supply should continue to be a drag on prices. We maintain our Neutral stance and continue to prefer diversified companies like Capitaland and City Dev.
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