26 Jan '17, 11am

Large developer stocks to benefit from a home price rebound | Property Market | PropertyGuru.com.sg

Analysts expect some announcement with regards to the property cooling measures at the upcoming budget speech. With home prices set to make a comeback, analysts expect the government to signal its intention to review the property cooling measures during the budget speech in February, which could, in turn, boost the city-state’s biggest developer stocks, reported Bloomberg . Home prices have dropped by 11 percent since 2013, with sales falling to around half of that year’s level, after the government rolled out a slew of cooling measures to curb soaring values. In 2016, however, the city-state witnessed a surge in home sales as developers moved more than 8,000 units, up nine percent from the previous year. Meanwhile, an equal-weighted index of CapitaLand, CDL and UOL Group – Singapore’s three largest developers by market value – has outperformed the Straits Times Index year...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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