Re: Singapore - Housing 17 (Feb 16 - Dec 18)
Posted:
Mon Sep 03, 2018 4:18 pmby behappyalways
Khaw Boon Wan: Price of 50-year-old flats can still appreciate, but when they will start depreciating is unknown'
https://mothership.sg/2018/09/khaw-boon ... n-unknown/
Re: Singapore - Housing 17 (Feb 16 - Dec 18)
Posted:
Wed Sep 05, 2018 2:55 pmby behappyalways
Developers more cautious in bidding for GLS sites
https://www.edgeprop.sg/property-news/d ... -gls-sitesProvisional Tender Results For Land Parcel At Canberra Link For Executive Condominium Housing Development
https://hdb.gov.sg/cs/infoweb/press-rel ... ondominiumLAND PARCEL AT DAIRY FARM ROAD
https://www.ura.gov.sg/-/media/Corporat ... 18-53a.pdfLAND PARCEL AT JALAN JURONG KECHIL
https://www.ura.gov.sg/-/media/Corporat ... 18-53b.pdf
Re: Singapore - Housing 17 (Feb 16 - Dec 18)
Posted:
Sun Sep 09, 2018 1:30 pmby behappyalways
Large developers sit out GLS tenders following property cooling measures
https://www.theedgesingapore.com/large- ... g-measures
Singapore - Market Direction 11 (Nov 14 - Dec 18)
Posted:
Tue Sep 11, 2018 2:27 pmby behappyalways
Singapore's Builders Seen Facing Debt Troubles Amid Curbs
https://www.bloomberg.com/news/articles ... emium-asia
Re: Singapore - Housing 17 (Feb 16 - Dec 18)
Posted:
Thu Sep 13, 2018 2:31 pmby behappyalways
Re: Singapore - Housing 17 (Feb 16 - Dec 18)
Posted:
Fri Sep 14, 2018 9:56 amby winston
Singapore Residential Sector: Life’s not a bed of roses
Although valuations for the benchmark index for Singapore developers are undemanding, given that the blended forward P/B ratio currently stands at 0.55x, or 1.6 standard deviations below its 10-year average of 0.78x, we believe investor sentiment towards the sector remains muted, while there is also a lack of near-term catalysts.
We have seen some pricing pressures on projects which were launched on or shortly before 5 Jul, as ASPs have declined by 0.4% to 6.2% (data from 6 Jul to 2 Sep) as compared to 1 Jun to 5 Jul ASP levels.
As such, we maintain NEUTRAL on SG developers. We narrow our private residential price growth forecast to 8%-10% for 2018 (previously 8%-12%; 1H18: +7.4%), and also trim our private transaction volumes projection to 8k-10k units from 10k-12k units.
Our preferred sector picks are CapitaLand (CAPL SP) [BUY; FV: S$4.09] and UOL [BUY; FV: S$8.48]. We expect developers to focus more on growing their recurring income streams amid residential headwinds and to seek overseas opportunities, while being more prudent in their land replenishment in Singapore.
Maintain NEUTRAL on SG developers. Our preferred sector picks are CAPL [BUY; FV: S$4.09] and UOL [BUY; FV: S$8.48].
Source: OCBC
Re: Singapore - Housing 17 (Feb 16 - Dec 18)
Posted:
Sat Sep 15, 2018 4:22 pmby behappyalways