As a result, the research house has raised its average selling price (ASP) forecasts for 2018 and 2019 by 10% and 7% respectively, while raising RNAV estimates by 18-31% for stocks under its coverage on the back of its revised residential forecasts and recent acquisitions.
SINGAPORE (Oct 20): Deutsche Bank is positive on Singapore’s property market as it expects pricing power to return to developers.
This comes on the back of record low unsold inventory plus the withdrawal of supply over the next 12 months.
