Towards Financial Freedom
Singapore Property - Defying Gravity
Based on URA's latest figures, developers sold 1,943 new homes in the month of July, marking a remarkable rebound from two consecutive months of declining sales, This brings 7M12 total new home sales to 14,197 units. Barring another round of cooling measures, we now expect new home sales to hit the 20,000-unit mark for the full year, which is a record. - For the rest of the year, we expect potential homebuyers and investors to stay increasingly on the sidelines, especially when economic confidence continues to wane and serious buyers turning increasingly to the secondary market for better bargains. - We believe that if sales volumes remain at elevated levels, more cooling measures are likely. If the buying dries up significantly, the unsold inventory of 80,000 units may pose a problem in future. We continue to prefer CapitaMalls Asia (BUY; TP:SGD2.09) for its retail mall exposure, and CapitaLand (BUY; TP:SGD4.12) and Keppel Land (BUY; TP:SGD4.04) for their diversified portfolios.
Source: Maybank Kim Eng
Source: Maybank Kim Eng
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
