Singapore developers holding up despite prospect of more government measures to cool housing market, as still-healthy new home sales supportive, according to Dow Jones.

“Recent launch of projects such as UOL’s (U14.SG) Spottiswoode Residences and Keppel Land’s (K17.SG) The Lakefront Residences are enjoying good response,” says DBS Vickers; “we expect pricing growth to be modest and reiterate our medium-term view that high-end residential prices will remain resilient.”

According to latest government data, developers sold 1,058 new private homes in October vs 911 in September. “More severe measures are unlikely in our opinion, unless prices rise sharply,” says Morgan Stanley.

FTSE ST Real Estate Holding & Development Index +0.1%. Among gainers, CapitaLand (C31.SG) +0.8% at $3.83, CityDev (C09.SG) +0.9% at $13.16, Allgreen Properties (A16.SG) +0.8% at $1.20, SC Global (D2S.SG) +0.6% at $1.68, Ho Bee Investment (H13.SG) +0.6% at $1.67, UOL Group +0.4% at $4.64.