The pair, who have “buy” ratings on UOL Group (UOL) and City Developments (CDL), expect property prices and volumes to come in 3% higher each in 2026. This represents about 10,800 units of new home sales.
The Singapore housing market is “early in the cycle” in terms of volumes sold, write UBS Global Research analysts Terence Lee and Michael Lim, with scope for further increase.
For now, property prices and volumes are “healthy with stable growth”, they add.
