Is the correction in property stock prices a buying opportunity?

SINGAPORE (July 6): OCBC Investment Research is downgrading the Singapore residential sector rating to “neutral” from “overweight” previously, as RHB Research places its “overweight” sector call and recommendations under review.

Meanwhile, Maybank Kim Eng reiterates its “positive” view and developer recommendations.

This comes as all three research houses now expect to see a slowdown in transaction volumes and overall prices as a result of the new measures, and negative stock reactions resulting from the latest property cooling measures announced on Thursday.

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