Singapore Property Market

Property

OPINION: Residential rent growth to slow, marginal decline expected

More condominium completions and slower GDP growth will put downward pressure on residential rent.

Broker's Calls

Govt measures on property market 'not a worry for now' though demand is softening: DBS

DBS analysts believe demand is likely to taper off in 2023 with the natural cooling effect from a rise in mortgage rates.
Goldman Sachs downgrades CDL to 'sell' and UOL to 'neutral' after third round of cooling measures - THE EDGE SINGAPORE

Property

Goldman Sachs downgrades CDL to 'sell' and UOL to 'neutral' after third round of cooling measures

CDL was downgraded to "sell" with a TP of $8.05 while UOL was downgraded to "neutral" with a TP of $7.60.

Property

Singapore's soaring rents narrow the gap with pricey Hong Kong

Singapore rents could rise another 10%-15% in 2023, while those in Hong Kong may only post a 5% increase: Bloomberg

Property

Singapore home affordability to get worse for first-time buyers: Moody's

While home values from the US to New Zealand are declining, Singapore’s private property prices jumped 13.2% y-o-y in the 3Q.

Broker's Calls

DBS downgrades PropNex, APAC Realty to 'fully valued' following new cooling measures

The brokerage has also cut its target price estimates to $1.19 for PropNex and to 41 cents for APAC Realty.
Analysts maintain 'buy' call for Propnex despite second quarter earnings slippage - THE EDGE SINGAPORE

Broker's Calls

Analysts maintain 'buy' call for Propnex despite second quarter earnings slippage

Analysts from UOB Kay Hian and CGS-CIMB Research have maintained their “buy” calls and target prices for PropNex

Broker's Calls

CGS-CIMB is 'overweight' on Singapore property development sector as developers' valuations still 'inexpensive'

CGS-CIMB is 'overweight' on Singapore property development sector as developers' valuations still 'inexpensive'

Broker's Calls

Property sector offers deep value, accumulate on further weakness: DBS

DBS' preferred picks are CapitaLand Investment, CDL, and Ho Bee Land.
UOB Kay Hian expressed surprise at extent of property cooling measures in Singapore property sector report - THE EDGE SINGAPORE

Property

UOB Kay Hian expressed surprise at extent of property cooling measures in Singapore property sector report

Analyst Adrian Loh said the measures were ‘not the Christmas present the property market expected’.
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