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DBS is first to start coverage of Roxy-Pacific at 'buy' with 7 properties to hit market next year

PC Lee
PC Lee12/12/2017 12:23 PM GMT+08  • 2 min read
DBS is first to start coverage of Roxy-Pacific at 'buy' with 7 properties to hit market next year
SINGAPORE (Dec 12): DBS Group is the first brokerage to initiate coverage of Roxy-Pacific with a “buy” rating and target price of 69 cents.
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SINGAPORE (Dec 12): DBS Group is the first brokerage to initiate coverage of Roxy-Pacific with a “buy” rating and target price of 69 cents.

This given the developer is poised to hit the Singapore market with seven freehold residential developments next year with a gross development value of $0.5 billion.

While the market may have overlooked Roxy for its size, DBS says Roxy was one of the earliest to stock up on its landbank in the current market cycle, three of which will be launched within 1Q18.

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