This brings total private home sales to over 5,700 units ytd and is on track for Maybank’s forecast of 10,000 units this year, which will be 25% higher compared to 7,972 units in 2016.
SINGAPORE (June 15): Maybank Kim Eng is maintaining its “positive” outlook on developer stocks with catalysts from an impending rebound in home prices.
In May, URA reported developers sold 1,024 private homes and 370 Executive Condos after aggressive launches in the past two months to capture market exuberance from the first sign of policy easing.
