Singapore Stock Market News

Singapore Property - 2H18 GLS: First hotel site since 2014

StockFanatic
Publish date: Thu, 28 Jun 2018, 12:29 PM
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■ 2H18 GLS flat h-o-h on healthy supply of private housing in the pipeline

■ Two new white sites and one new hotel site (last hotel site was awarded in 2013

■ Land sites are largely in OCR and some in CCR; new areas include Bugis and Newton

Remain positive on Singapore property in the medium to long term but near-term sentiment impacted by softer 1H18 sales volume and government policy risks
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