Singapore Private-Home Prices Could Grow 7% in 2021 -- Market Talk
Singapore Private-Home Prices Could Grow 7% in 2021 -- Market Talk
0736 GMT - Singapore private-home prices could grow 5%-7% this year, as healthy demand and an government support are spurring an active housing market, CGS-CIMB says. Despite September sales falling 37% on year to 834 units, sales units sold still outpaced units launched--just 220--signaling healthy demand, it says. This should benefit City Developments Ltd. and UOL Group, as these Singapore developers appear to have a strong pipeline of residential-property projects, CGS-CIMB says. It has add ratings on City Developments and UOL Group, with target prices of S$8.97 and S$8.00, respectively. CDL is flat at S$7.41 and UOL rises 0.1% to S$7.28. (yongchang.chin@wsj.com)
0736GMT-CGS-CIMB表示，新加坡私人住宅價格今年可能上漲5%-7%，因為健康的需求和政府的支持正在刺激活躍的房地產市場。該公司説，儘管9月份的銷量同比下降37%，至834輛，但銷量仍然超過了銷量(僅220輛)，表明需求健康。CGS-CIMB説，這應該會讓City Developments Ltd.和UOL Group受益，因為這些新加坡開發商似乎擁有強大的住宅房地產項目渠道。它增加了City Developments和UOL Group的評級，目標價分別為8.97新元和8.00新元。CDL持平於7.41坡元，UOL漲0.1%至7.28坡元。(yongchang.chin@wsj.com)