In Singapore, Roxy-Pacific has another four Singapore projects in the pipeline, with launches largely to be during 2Q-3Q19.
SINGAPORE (Feb 27): OCBC Group Research is maintaining Roxy-Pacific at “hold” given sales of RV Altitude and Fyve Derbyshire which were launched in January have come under expectations with only 14-15% sold.
“Moving forward, we believe that the group will be exercising considerable prudence in landbanking in Singapore, given the heightened risks to property development,” says OCBC analyst Joseph Ng,
