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CGS-CIMB raises FY2022 home price projections; remains 'overweight' on property sector on 'inexpensive valuations'

Felicia Tan
Felicia Tan • 3 min read
CGS-CIMB raises FY2022 home price projections; remains 'overweight' on property sector on 'inexpensive valuations'
AMO Residence's showroom. Photo: Samuel Isaac Chua/The Edge Singapore
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CGS-CIMB Research analyst Lock Mun Yee is remaining “overweight” on Singapore’s property sector as new home sales rose 71% month-on-month (m-o-m) in July.

The higher figures were thanks to the good take-up for AMO Residence in Ang Mo Kio in District 20, which accounted for 44% of July’s transactions.

AMO Residence is a joint development by UOL Group, Singapore Land Group and Kheng Leong Co.

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