property cooling measures

Singapore home sales inch higher in sign of residential recovery
SINGAPORE (Mar 15): Private-home sales in Singapore rose in February, one signal the market may be recovering from cooling measures implemented last year. Developers sold 455 units, a 4.4 percent increase on January’s 436, the Urban Redevelopment Authority said in a statement Friday. In July, the government imposed higher stamp duties and tougher loan-to-value rules to choke off a sudden ...
UOB still a 'buy' despite target price cut to $29.80 due to slowing mortgage business: RHB
SINGAPORE (Jan 29): RHB is maintaining its “buy” call on United Overseas Bank (UOB) with a lower target price of $29.80 from $30.80 previously. This is due to the bank’s slowing mortgage business, as a result of the residential property tightening measures, which took effect in Jul 2018. In a Tuesday report, analyst Leng Seng Choon says, “Nonetheless, with 9M18 YTD loan growth of ...
Worldwide Hotel Group unit places record bid for rare hotel site after cooling measures
Editor's note: We have corrected an earlier version of Bloomberg's story to say Midtown Development is a subsidiary of Worldwide Hotel Group, and not Oxley as previously stated (Jan 16): A rare plot of land that’s zoned for a hotel near Singapore’s central business district has attracted a record bid as developers shift focus after last year’s property cooling measures. Midtown ...
Singapore shoe-box rule may cheer home buyers, not home builders
(Oct 24): Putting an end to “shoe-box sized” apartments in Singapore may be reason for residents to cheer but for developers, it could prove a double whammy. Already hit in July by cooling measures that make it more expensive to buy and redevelop older apartment blocks, home builders have now been told there’s a cap on the number of units allowed in any one project. While the move is ...
Property launches continue unabated despite new curbs
SINGAPORE (Oct 23): Despite the new property development policies, City Developments and Oxley debuted their latest properties, Whistler Grand and Kent Ridge Hill Residences respectively, last weekend. The two projects are targeted to launch officially on Nov 3. As at 1.20pm, shares in City Developments are trading at $8.15, while shares in Oxley are trading at 30 cents. In a DBS report on ...
Singapore housing curbs won't cool prices: Morgan Stanley
(Oct 12): Singapore home prices may rise as much as 10% by the end of next year and are on track to double by 2030 as faster income growth overpowers recent property curbs and higher interest rates, according to according to Morgan Stanley. Home prices rose in four of the five previous rate hike cycles, Morgan Stanley analysts said in a note to clients. Faster economic growth, the ...
Singapore developers cede to REITs as investors' top pick
(Sept 25): Buy the businesses that hold the real-estate assets rather than the ones that sell them. That’s the message from a growing number of analysts in Singapore who say REITs, or real estate investment trusts, are a better bet than developers in light of the island’s recent cooling measures. For much of 2017 and the first half of this year, Singapore developer stocks had a great ...
Large developers sit out GLS tenders following property cooling measures
SINGAPORE (Sept 6): The majority of large property developers in Singapore have sat out the latest round of government land sales (GLS) tenders, after the introduction of new property cooling measures in July to curb rising home prices. Tenders of three sites under the GLS programme – Dairy Farm, Jalan Jurong Kechil, and Canberra Link Executive Condominium – closed on ...
RHB remains 'neutral' on Singapore property sector on expected slower volumes
SINGAPORE (Aug 16): RHB is remaining “neutral” on the Singapore property sector on muted growth in property price in the coming months, impacted by the recent cooling measures.  The research house has a “buy” call on its top pick, CapitaLand with a target price of $3.95, as it remains minimally impacted by the recent cooling measures, and benefits from the continued ...
This 'interesting' 2Q earnings season could be UOB's chance to shine: DBS
SINGAPORE (July 19): DBS Vickers Securities expects an “interesting” 2Q18 earnings season with diverging trends across Singapore’s banks as they continue to spend on improving technology infrastructure, with some potential for slight upticks in personnel costs for salary revisions. While the research house has rated both UOB and OCBC at “hold” with target prices of $28.30 and $12.20, ...