Equity Analysis /
Singapore

SG : Property Devt & Invt - Slower activity in Feb

    Munyee Lock
    Munyee Lock

    Head of Regional Property

    CGS-CIMB
    25 March 2022
    Published by

    Feb monthly private home sales volume fell 18% yoy to 527 units. Meanwhile, SRX data showed that private and HDB resale prices continued to inch up 0.6% mom, respectively, despite slower sales activity. Reiterate sector Overweight on valuations. Sector top picks: CIT and UOL.