property market

The analysts’ top picks are DBS, UOB, Singtel, CICT, CDL, Sembcorp Industries, Yangzijiang Shipbuilding, MINT, MLT and VMS

Home prices in Singapore rose to the highest in more than two years in the quarter ending December.

December 2020 new home sales rose 130% y-o-y and 54% m-o-m to 1,265 units.

Using OTPs exercised instead of OTPs issued is more reflective of the true health of the Singapore property market.

PropNex’s primary business is in the provision of real estate brokerage services comprising real estate agency and project marketing services.

Analysts are predicting an uncertain future for the property and banking sectors for the rest of 2020 and into 2021.

DBS analyst Ling Lee Keng has maintained her “hold” call on APAC Realty with a target price of 41 cents from 52 cents previously.

Listed real estate agency APAC Realty, which operates the ERA brand, said that real estate market transactions “plunged” in the months of April and May due to the circuit breaker measures, which ended on June 1.

While market sentiment remains weak, APAC Realty has secured a healthy pipeline of marketing appointments with 25 new projects, or 7,466 units, as of February to be launched this year.

Analysts at DBS Group Research say the partnership marks a win not just for Perennial, but also Alibaba Singapore and the broader local office market.