This is supported by strong performances from new launches such as Chuan Park, which sold 76% of its 916 units, and Emerald of Katong, which sold 99% of its 846 units.
OCBC Investment Research (OIR) has downgraded Propnex (SGX:OYY
) from ‘buy’ to ‘hold’ while upgrading its target price from 91 cents to 96 cents, given the recent uptick in market activity.
October saw a surge in new private home sales, reaching an 11-month high of 738 units and this is expected to continue into November.
