Singapore Property Sector Sentiment May Be Damped in Short Term -- Market Talk

Dow Jones04-23

0428 GMT - Sentiment in Singapore's property sector could be damped in the short term due to persistently higher interest rates and steep property taxes, UOB Kay Hian analyst Adrian Loh says in a note. This is despite the higher number of completed units and new launches hitting the market this year and next year, which allows buyers to shop around more, he adds. UOB KH maintains an overweight rating on Singapore's property sector and pegs City Developments as one of its key stock picks, as the developer is likely to see limited impact from headwinds given its diversified income stream.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

April 23, 2024 00:28 ET (04:28 GMT)

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This is despite the higher number of completed units and new launches hitting the market this year and next year, which allows buyers to shop around more, he adds. UOB KH maintains an overweight rating on Singapore's property sector and pegs City Developments as one of its key stock picks, as the developer is likely to see limited impact from headwinds given its diversified income stream.(amanda.lee@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 23, 2024 00:28 ET (04:28 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2429471134"}