In July, Singapore home sales hit a 15-month high due to homebuyers rushing to purchase before the implementation of cooling measures on July 6.
SINGAPORE (Aug 16): RHB is remaining “neutral” on the Singapore property sector on muted growth in property price in the coming months, impacted by the recent cooling measures.
The research house has a “buy” call on its top pick, CapitaLand with a target price of $3.95, as it remains minimally impacted by the recent cooling measures, and benefits from the continued build-up in its recurring income base and diversified exposure.
