property sector

Singapore's GDP expected to remain resilient despite slower growth in 2Q

SINGAPORE (July 13): RHB Research is maintaining its forecast for 2018 GDP at 3%, given moderating exports and the shift towards a more moderate semiconductor cycle this year.

Singapore’s economic growth is expected to stay resilient as exports continue to grow, says RHB, while domestic demand is also expected to be resilient throughout the year driven by regulatory-led machinery upgrades.

STI expected to stay flat but banks should provide earnings support

SINGAPORE (Apr 11): March was a month riddled with bad news. As a result, the benchmark Straits Times Index (STI) tumbled 2.6% during the month, even though it ended 0.7% up for 1Q18.

Last month, the US administration slapped tariffs on US$50 billion ($65.4 billion) worth of Chinese imports, mainly in machinery and equipment.

See: Trump punishes China by considering broad curbs on Chinese imports, takeovers

Private residential prices, REITs to see strong sequential growth ahead: Jefferies

SINGAPORE (Apr 4): Singapore’s property sector will see a strong growth, especially in its private residential prices and real estate investment trusts (REIT), according to Jeffries.

The Urban Redevelopment Authority (URA) estimates that the private residential property price index increased 4.3 points from 138.7 points in 4Q17 to 143.0 points in 1Q18, representing an increase of 3.1%, compared to the 0.8% increase in the previous quarter.

This recovery is led by prices of prime properties.

3 developers that could benefit most from the property boom

SINGAPORE (Mar 21): A rising tide is said to lift all boats. But amid a wave of en bloc deals on the back of improving sentiment in the Singapore property sector, SAC Advisors believes some developers could cruise to greater heights than others.

Property stocks still trading below RNAV despite volume and sentiment recovery

SINGAPORE (Sept 5): CIMB is maintaining its “overweight” on Singapore’s property stocks as they are trading at about 30% discount to RNAV despite outperforming the STI benchmark year to date.

In a Monday report, analyst Lock Mun Yee expects the property development and investment sector to continue to perform well given the evidence of volume and sentiment recovery.

GuocoLand is well positioned to ride the property uptrend

SINGAPORE (Aug 25): UOB Kay Hian is maintaining its “buy” call on GuocoLand with a target price of $2.80 as the group is a key beneficiary of property sector turnaround and rotational interest.

The group is well positioned to ride the property uptrend as it derives 70% of its value from the Singapore market.

It is also a beneficiary of the expected privatisation of Global Logistic Properties, which has resulted in strong interest from fund managers of property developers who are looking to replace the gap in their portfolios.

Singapore’s property market to benefit from population & economic growth ahead

SINGAPORE (April 3): Singapore’s property market is expected to benefit from a number of government policy changes that have recently begun to take effect, according to recent research data published by JLL.

In an April 2017 report entitled Back to life, back to growth, the financial and professional services firm says it believes the city state’s population and skilled workforce growth rates are set to rise over the next few years to benefit office, retail and residential demand in the local property segment.

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