With more than 3,000 households displaced in a flurry of en bloc transactions last year, Heng forecasts that developers could sell some 12,000 units in 2018, up from total new home sales of close to 10,700 units a year ago.
SINGAPORE (Jan 16): Maybank Kim Eng Research is keeping its “positive” rating on Singapore’s real estate sector as property developer stocks are expected to ride on the market’s cyclical upturn.
“We see more upside in 2018 as households displaced in the en bloc process seek out replacement homes,” says analyst Derrick Heng in a Monday report.
