According to the Urban Redevelopment Authority (URA), sales of new private homes during the circuit breaker period from May 1 to May 24 totaled to 322 units, or “slightly more” than 270 units recorded in April.
SINGAPORE (June 3): CGS-CIMB Research analyst Lock Mun Yee is reiterating an “add” call on real estate services provider APAC Realty with a target price of 53.8 cents, translating to an upside of 32.8% for the counter.
In a Tuesday report, Lock notes that new home sales year to date, inclusive of executive condominiums stand at 2,848 units or a year-on-year decrease of 22%. This accounts for 36% of the lower-end of the brokerages transaction volume estimates of 8,000 to 9,000 units for 2020
