Equity Analysis /
Singapore

SG : Property Devt & Invt - Slowdown in price momentum in 1Q22

    Munyee Lock
    Munyee Lock

    Head of Regional Property

    Follow
    CGS-CIMB
    1 April 2022
    Published byCGS-CIMB

    The flash estimate of the Urban Redevelopment Authority’s (URA) property price index showed a 0.4% increase qoq in 1Q22. Meanwhile, primary and resale residential sales volume declined post the cooling measures. Reiterate sector Overweight on valuations. Sector top picks: CIT and UOL.