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Real estate sector expected to remain resilient

Samantha Chiew
Samantha Chiew7/14/2020 11:32 AM GMT+08  • 3 min read
Real estate sector expected to remain resilient
The real estate sector is expected to stand strong
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SINGAPORE (July 14): RHB Group Research is staying “overweight” on the real estate sector, mainly on valuation grounds, with developer stocks trading at attractive 40-60% discounts to book value.

In a Monday report, analyst Vijay Natarajan says, “Despite a sharp deterioration in economic outlook, the property sector has largely remained resilient, as anticipated. “

Key reasons are ultra-low interest rates, government economic stimulus, predominant local buying and healthy household balance sheets pre-crisis. Developers’ low margins have also limited price wars.

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