Singapore Private-Home Prices Could Grow 7% in 2021 -- Market Talk
Singapore Private-Home Prices Could Grow 7% in 2021 -- Market Talk
0736 GMT - Singapore private-home prices could grow 5%-7% this year, as healthy demand and an government support are spurring an active housing market, CGS-CIMB says. Despite September sales falling 37% on year to 834 units, sales units sold still outpaced units launched--just 220--signaling healthy demand, it says. This should benefit City Developments Ltd. and UOL Group, as these Singapore developers appear to have a strong pipeline of residential-property projects, CGS-CIMB says. It has add ratings on City Developments and UOL Group, with target prices of S$8.97 and S$8.00, respectively. CDL is flat at S$7.41 and UOL rises 0.1% to S$7.28. (yongchang.chin@wsj.com)
0736GMT-CGS-CIMB表示，新加坡私人住宅价格今年可能上涨5%-7%，因为健康的需求和政府的支持正在刺激活跃的房地产市场。该公司说，尽管9月份的销量同比下降37%，至834辆，但销量仍然超过了销量(仅220辆)，表明需求健康。CGS-CIMB说，这应该会让City Developments Ltd.和UOL Group受益，因为这些新加坡开发商似乎拥有强大的住宅房地产项目渠道。它增加了City Developments和UOL Group的评级，目标价分别为8.97新元和8.00新元。CDL持平于7.41坡元，UOL涨0.1%至7.28坡元。(yongchang.chin@wsj.com)
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