SINGAPORE (May 17): DBS’s top picks for beneficiaries to the potential relaxation of property measures in Singapore are UOL Group and Frasers Centrepoint even though most developers have re-rated following the positive sentiment in the Singapore property market.
Despite 25% lower new launches from a year ago, primary sales in April rose 49% on year, as private homes sales doubled while Executive Condominiums (ECs) fell 32%.
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