Home Capital Broker's Calls

CGS-CIMB remains 'overweight' on Singapore property sector, CDL and UOL top picks

Atiqah Mokhtar
Atiqah Mokhtar9/16/2021 4:2 PM GMT+08  • 2 min read
CGS-CIMB remains 'overweight' on Singapore property sector, CDL and UOL top picks
Despite slower home sales in August, sales volume year-to-date remains robust.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

CGS-CIMB Research analyst Lock Mun Yee has reiterated her “overweight” rating for the Singapore property sector, despite slower home sales in August following tightened restrictions to curb Covid-19 cases.

In a Sept 15 research note, she highlights August home sales excluding executive condominiums (ECs) came in at 1,215 units, 3.4% lower y-o-y and 23.5% lower m-o-m. She also notes that sales continued to outpace new launch volumes in August.

See also: CDL, UOL named as CGS-CIMB's preferred picks amid 'overweight' property sector for month of July

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.