“Contrary to a more cautious stance from the REDAS’ President in his opening address, market sentiment has improved significantly YTD, helped by strong system liquidity, and robust (record) bids in recent government land tenders,” recall Heng and Chua.
SINGAPORE (July 10): Maybank Kim Eng is maintaining its “positive” stance on Singapore’s property sector on improving market sentiment and robust bids in recent government land tenders.
In a Monday report, analysts Derrick Heng and Chua Su Tye note how strong capital flows and their implications to Singapore’s property market were a recurring theme and the main takeaway of their recent participation in the Real Estate Developer’s Association of Singapore’s (REDAS) property market update seminar, which took place last Friday.
