Singapore - Housing 17 (Feb 16 - Dec 18)

Re: Singapore - Housing 17 (Feb 16 - Dec 18)

Postby winston » Thu Jan 03, 2019 9:16 am

Singapore Residential Sector: A first dip since 2Q17

URA’s flash estimate for the private residential property price index showed a slight decline of 0.1% QoQ for 4Q18. This was the first sequential dip since 2Q17.

For 2018, private home prices increased 7.9%, and this was a tad shy of our 8%-10% full-year forecast.

We remain largely cautious on the near-term outlook of the Singapore residential sector, and had previously alluded on potential negative drivers such as moderating economic growth and continued impact from the property cooling measures, coupled with risks from an expected bumper crop of new launches in 1H19.

One silver lining would be the moderation in the Government Land Sales (GLS) programme for 1H19.

We maintain our -3% to +2% private residential price growth projection for 2019, as well as our forecast for 10k-12k private sales transactions.

Maintain NEUTRAL on the Singapore residential sector, with our preferred sector picks remaining as UOL [BUY; FV: S$8.41] and CapitaLand (CAPL SP) [BUY; FV: S$3.96].

Source: OCBC
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Re: Singapore - Housing 17 (Feb 16 - Dec 18)

Postby behappyalways » Sat Jan 12, 2019 6:41 pm

Chart of the Day: Which developer launched the most units in 2018?
https://sbr.com.sg/residential-property ... ts-in-2018
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Re: Singapore - Housing 17 (Feb 16 - Dec 18)

Postby behappyalways » Wed Jan 16, 2019 7:42 pm

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Re: Singapore - Housing 17 (Feb 16 - Dec 18)

Postby behappyalways » Tue Jan 22, 2019 8:01 am

Singapore developers pessimistic and cautious over property market in 2019
https://sbr.com.sg/commercial-property/ ... et-in-2019
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