SINGAPORE (June 20): Maybank Kim Eng is remaining positive on Singapore’s property sector on expectations of the recent home-price rally to continue, with buying opportunities arising from the current share price weakness among developers.
In a Monday report, analyst Derrick Heng notes that speculative buying in Singapore’s property market is near its historical low, while existing measures continue to ensure financial prudence among property buyers.
He therefore sees no need for further policy tightening and believes housing demand remains strong in view of the healthy overall transaction volumes, including in the secondary market.
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