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RHB remains 'neutral' on Singapore property sector on expected slower volumes

Samantha Chiew
Samantha Chiew8/16/2018 11:12 AM GMT+08  • 2 min read
RHB remains 'neutral' on Singapore property sector on expected slower volumes
SINGAPORE (Aug 16): RHB is remaining “neutral” on the Singapore property sector on muted growth in property price in the coming months, impacted by the recent cooling measures. 
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SINGAPORE (Aug 16): RHB is remaining “neutral” on the Singapore property sector on muted growth in property price in the coming months, impacted by the recent cooling measures.

The research house has a “buy” call on its top pick, CapitaLand with a target price of $3.95, as it remains minimally impacted by the recent cooling measures, and benefits from the continued build-up in its recurring income base and diversified exposure.

In July, Singapore home sales hit a 15-month high due to homebuyers rushing to purchase before the implementation of cooling measures on July 6.

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