Singapore property sector

Broker's Calls

Bright spots in property likely to come from ECs, suburban condos in OCR and RCR and resale HDB flats: DBS

The brokerage has named CapitaLand Investment, CDL and GuocoLand as their top picks within the sector.
Singapore’s housing prices and rental growth could slow in 2H2023: Bloomberg Intelligence - THE EDGE SINGAPORE

Property

Singapore’s housing prices and rental growth could slow in 2H2023: Bloomberg Intelligence

Office rents could rise less than 2% in 2H2023 and grow up to 4% in 2023.

Property

Lawrence Wong allays property price fears in May Day rally

Wong said the median household income has risen ten times since 1980 and built-to-order public housing has moved in tandem.
CLSA downgrades CDL to 'sell'; analysts see 'negative knee jerk reaction' in developers' share prices - THE EDGE SINGAPORE

Property

CLSA downgrades CDL to 'sell'; analysts see 'negative knee jerk reaction' in developers' share prices

The 60% ABSD for foreign buyers is believed to be the highest in the world.

Property

OPINION: Residential rent growth to slow, marginal decline expected

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

RHB remains 'neutral' on real estate sector as cooling measures mainly target high-end HDB market

RHB's top pick among the property stocks here is CDL with a 'buy' call and TP of $9.75.

Broker's Calls

UOBKH keeps ‘overweight’ on property sector as residential supply ramps up

UOBKH's Adrian Loh prefers property stocks with less exposure to the Singapore market with government land sales doubling in 2022.

Property

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

CGS-CIMB has identified CLI, CDL and UOL Group as its top picks within the sector.
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