Home Capital Property

CGS-CIMB raises FY2022 home price projections; remains 'overweight' on property sector on 'inexpensive valuations'

Felicia Tan
Felicia Tan8/24/2022 02:01 PM GMT+08  • 3 min read
CGS-CIMB raises FY2022 home price projections; remains 'overweight' on property sector on 'inexpensive valuations'
AMO Residence's showroom. Photo: Samuel Isaac Chua/The Edge Singapore
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

CGS-CIMB Research analyst Lock Mun Yee is remaining “overweight” on Singapore’s property sector as new home sales rose 71% month-on-month (m-o-m) in July.

The higher figures were thanks to the good take-up for AMO Residence in Ang Mo Kio in District 20, which accounted for 44% of July’s transactions.

AMO Residence is a joint development by UOL Group, Singapore Land Group and Kheng Leong Co.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.