Equity Analysis /
Singapore

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

    Munyee Lock
    Munyee Lock

    Head of Regional Property

    CGS-CIMB
    16 April 2021
    Published by

    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