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DBS downgrades PropNex, APAC Realty to 'fully valued' following new cooling measures

Felicia Tan
Felicia Tan10/3/2022 04:00 PM GMT+08  • 3 min read
DBS downgrades PropNex, APAC Realty to 'fully valued' following new cooling measures
Both counters were downgraded from “hold” previously. Photo: Bloomberg
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DBS Group Research analyst Ling Lee Keng has downgraded her recommendations on PropNex and APAC Realty to “fully valued”.

Both counters were downgraded from “hold” previously.

Ling’s reports come after the government introduced a fresh set of cooling measures on Sept 30, less than a year after the last round of cooling measures was announced in December 2021.

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