Analysts from CGS-CIMB Research and RHB Group Research are keeping “overweight” on the Singapore property sector on the back of strong residential momentum and an increasing supply of residential land.

The government, on June 10, announced that it had released a total of 13 confirmed and reserved new land sites for the 2H2021.

The sites released are for 6,860 are residential units, while 90,000 sqm in gross floor area (GFA) have been set aside for commercial purposes. Another 530 hotel rooms are also included in the sites released for the second half of the year.

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