SINGAPORE (Jan 2): The Singapore property market is expected to remain resilient for 2020, according to DBS Group Research.

In a Jan 2 report, lead analyst Derek Tan says on the back of this sentiment, the developers under the research house’s coverage have been actively clearing inventories in 2019. “We see dissipating risks to their exposure to Singapore (SG) residential market which we estimate to drop to less than 15% of RNAV based on unsold inventories,” he adds.

Additionally, 2019 saw local developers going on an acquisition spree, with more than $17 billion of deals inked.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook