Equity Analysis /

SG : Property Devt & Invt - Good take-up at new launches boosts sales

Munyee Lock

Head of Regional Property @ CGS-CIMB

16 April 2021

Published by

CGS-CIMB

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Mar 2021 ex-EC home sales surged 96% yoy and doubled mom. We expect home sales of 9k-10k and 0-5% hike in home prices in 2021F. Reiterate sector Overweight on valuations. Preferred picks: UOL, CIT, CAPL

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