Singapore Stock Market News

Real Estate - Near-Term Outlook Remains Promising

StockFanatic
Publish date: Tue, 03 Jul 2018, 02:00 PM
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Maintain OVERWEIGHT with APAC Realty and CapitaLand as Top Picks. The Government's plan to maintain steady land supply under the GLS programme indicates a balanced approach in meeting demand, and supports ongoing recovery in the residential market. With a good selection of sites, we reiterate our view that the en bloc market has peaked, and expect a slower 2H18 in terms of en bloc sales. Overall, property prices should rebound by 10-20% over 2018-2019, as the market remains well supported by en bloc liquidity, a stable job market and pent-up demand.
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