CDL, UOL Could Be Most Adversely Affected By New Property Cooling Measures Among Developers: CGS-CIMB

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CDL, UOL Could Be Most Adversely Affected By New Property Cooling Measures Among Developers: CGS-CIMB

The Edge Singapore2023-04-27

CGS-CIMB Research is currently reviewing its “overweight” recommendation on the property sector, following new cooling measures introduced by the government.Although developers are trading at ...

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666huat666
·2023-04-27
Thats a good things to cool down Singapore hot booming property market to healthy level ..👍
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HLPA
·2023-04-27
I do not think the new measures would cause a huge drop in CDL and UOL prices. Perhaps intially when the herd mentality causes holders to worry or panic and unload their holdings. From experience, any new measures woild become dissipated in time and prices start rollinh back in as property prices continue to climb as demand picks up again. For locals, higher incomes reult in families wanting to own their private property and invest in a second or third one. ABSD or not, this tax amount woild be factored into the selling price, hence investors usually do not worry that much. The property curve is always moving upwards with higher highs and lower lows. Thiry years ago I would never have imagined my hoise will ever fetch 6 million and yet it now has surpassed it. Propery imvesting is a long t
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- Meow3:
  The cooling measures will trim investment demand
  2023-04-28
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- henghm:
  like
  2023-04-28
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- JohnnyYoung:
  Let’s just be patient and wait!
  2023-04-28
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Sharkie
·2023-04-27
How much does the new cooling measure affects the banks ?
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icycrystal
·2023-04-27
Thanks for sharing
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Elly cat
·2023-04-27
Great ariticle, would you like to share it?
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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCDL, UOL Could Be Most Adversely Affected By New Property Cooling Measures Among Developers: CGS-CIMB\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-04-27 14:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/capital/brokers-calls/cdl-uol-could-be-most-adversely-affected-new-property-cooling-measures-among><strong>The Edge Singapore</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>CGS-CIMB Research is currently reviewing its “overweight” recommendation on the property sector, following new cooling measures introduced by the government.Although developers are trading at ...</p>\n\n<a href=\"https://www.theedgesingapore.com/capital/brokers-calls/cdl-uol-could-be-most-adversely-affected-new-property-cooling-measures-among\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"U14.SI","symbol_name":"华业集团","start_time":0,"source_url":"https://www.theedgesingapore.com/capital/brokers-calls/cdl-uol-could-be-most-adversely-affected-new-property-cooling-measures-among","article_id":"1155433074","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1155433074","pubTimestamp":1682577374,"sourceInfo":{"source_id":"lsy1655096814160","name":"The Edge Singapore"},"weMediaInfo":null,"summary":"CGS-CIMB Research is currently reviewing its “overweight” recommendation on the property sector, fol","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"U14.SI":"华业集团","CLN.SI":"APAC 产业","9CI.SI":"凯德投资","OYY.SI":"PROPNEX LIMITED","C09.SI":"城市发展"},"translate_title":"CDL和UOL可能受到开发商新的房地产降温措施的最不利影响：CGS-CIMB","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"9CI.SI":0.9,"C09.SI":0.9,"CLN.SI":0.9,"OYY.SI":0.9,"U14.SI":0.9},"content_text":"CGS-CIMB Research is currently reviewing its “overweight” recommendation on the property sector, following new cooling measures introduced by the government.Although developers are trading at inexpensive valuations at a 45% discount to RNAV, the near-term slower market sentiment is expected to impact share price performance, says analyst Lock Mun Yee.Amongst developers, CGS-CIMB believes City Developments (CDL) and UOL Group could be the most adversely impacted, sentiment-wise.UOL has two planned launches in 2023 — namely Pinetree Hill and Watten Estate en bloc redevelopment, totalling 700 units. 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Lock notes that in 1Q2023, private home prices rose 3.2% q-o-q.Lock says CGS-CIMB is negative on the increases in duties as it comes at a time when mortgage rates have also risen significantly. “We anticipate the new measures would likely cause a knee-jerk slowdown in transaction volumes in the immediate term, as buyers, particularly foreigners, assess the impact of a doubling of ABSD on their budgets,” she adds.As such, CGS-CIMB has lowered its 2023 primary sales volume forecast to 5,000-5,500 from 7,000-8,000 previously, aside from lowering its home price growth forecast to -2%-2% from 0%-3% previously.“While there is no change in ABSD for developers, we believe that given the anticipated slower market and dampened sentiment, developers would likely delay and time their launches to the market, thus reducing their development income visibility in the medium term,” adds Lock.","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":[{"id":9947369807,"gmtCreate":1682580534310,"gmtModify":1682580540246,"author":{"id":"3559102890148495","authorId":"3559102890148495","name":"666huat666","avatar":"https://community-static.tradeup.com/news/aaee715fb6027f469a083e0084bbd67c","vip":1,"crmLevel":6,"crmLevelSwitch":1},"htmlText":"Thats a good things to cool down Singapore hot booming property market to healthy level ..👍","listText":"Thats a good things to cool down Singapore hot booming property market to healthy level ..👍","text":"Thats a good things to cool down Singapore hot booming property market to healthy level ..👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947369807","repostId":1155433074,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9947369940,"gmtCreate":1682580260181,"gmtModify":1682580267588,"author":{"id":"3569274903458035","authorId":"3569274903458035","name":"HLPA","avatar":"https://static.tigerbbs.com/07e7b987a9127c5a47dbc3ae02db548b","vip":1,"hat":"https://static.tigerbbs.com/646756f1284a5a6480ed02cc4fa7d1d2","crmLevel":8,"crmLevelSwitch":1},"htmlText":"I do not think the new measures would cause a huge drop in CDL and UOL prices. Perhaps intially when the herd mentality causes holders to worry or panic and unload their holdings. From experience, any new measures woild become dissipated in time and prices start rollinh back in as property prices continue to climb as demand picks up again. For locals, higher incomes reult in families wanting to own their private property and invest in a second or third one. ABSD or not, this tax amount woild be factored into the selling price, hence investors usually do not worry that much. The property curve is always moving upwards with higher highs and lower lows. Thiry years ago I would never have imagined my hoise will ever fetch 6 million and yet it now has surpassed it. Propery imvesting is a long t","listText":"I do not think the new measures would cause a huge drop in CDL and UOL prices. Perhaps intially when the herd mentality causes holders to worry or panic and unload their holdings. From experience, any new measures woild become dissipated in time and prices start rollinh back in as property prices continue to climb as demand picks up again. For locals, higher incomes reult in families wanting to own their private property and invest in a second or third one. ABSD or not, this tax amount woild be factored into the selling price, hence investors usually do not worry that much. The property curve is always moving upwards with higher highs and lower lows. Thiry years ago I would never have imagined my hoise will ever fetch 6 million and yet it now has surpassed it. Propery imvesting is a long t","text":"I do not think the new measures would cause a huge drop in CDL and UOL prices. Perhaps intially when the herd mentality causes holders to worry or panic and unload their holdings. From experience, any new measures woild become dissipated in time and prices start rollinh back in as property prices continue to climb as demand picks up again. For locals, higher incomes reult in families wanting to own their private property and invest in a second or third one. ABSD or not, this tax amount woild be factored into the selling price, hence investors usually do not worry that much. The property curve is always moving upwards with higher highs and lower lows. Thiry years ago I would never have imagined my hoise will ever fetch 6 million and yet it now has surpassed it. Propery imvesting is a long t","images":[],"top":1,"highlighted":1,"essential":2,"paper":1,"likeSize":42,"commentSize":6,"repostSize":3,"link":"https://ttm.financial/post/9947369940","repostId":1155433074,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":106338810,"gmtCreate":1682672694327,"gmtModify":1682672707603,"authorId":3586923187153169,"author":{"id":3586923187153169,"authorId":3586923187153169,"name":"Meow3","avatar":"https://community-static.tradeup.com/news/4b6434153871996c4fd242c4ebc7128a","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.03.23","exceedPercentage":"93.29%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9947369940,"type":1,"supId":0,"prevId":0,"content":"<span class=\"s1\">The cooling measures will trim investment demand<span class=\"Apple-converted-space\"> </span></span>","text":"<span class=\"s1\">The cooling measures will trim investment demand<span class=\"Apple-converted-space\"> </span></span>","html":"<span class=\"s1\">The cooling measures will trim investment demand<span class=\"Apple-converted-space\"> </span></span>"},{"id":106337878,"gmtCreate":1682639747068,"gmtModify":1682639753851,"authorId":3578451349447391,"author":{"id":3578451349447391,"authorId":3578451349447391,"name":"henghm","avatar":"https://static.tigerbbs.com/ca41bf4eae57d98d93422d97c7246c98","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9947369940,"type":1,"supId":0,"prevId":0,"content":"like","text":"like","html":"like"},{"id":106337603,"gmtCreate":1682628817471,"gmtModify":1682628820921,"authorId":9000000000000169,"author":{"id":9000000000000169,"authorId":9000000000000169,"name":"JohnnyYoung","avatar":"https://static.tigerbbs.com/c78412ecc02fe87e03967820091d8cad","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9947369940,"type":1,"supId":0,"prevId":0,"content":"<p>Let’s just be patient and wait!</p>","text":"<p>Let’s just be patient and wait!</p>","html":"<p>Let’s just be patient and wait!</p>"},{"id":106337563,"gmtCreate":1682616336267,"gmtModify":1682616342782,"authorId":9000000000000168,"author":{"id":9000000000000168,"authorId":9000000000000168,"name":"ChrisColeman","avatar":"https://static.tigerbbs.com/e5ecc38edf311c72028e0bc22d2ca37a","vip":8,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9947369940,"type":1,"supId":0,"prevId":0,"content":"<p>Jeez shorts, poor effort on your part! Do or at least say something to help your case! This is pathetic!</p>","text":"<p>Jeez shorts, poor effort on your part! Do or at least say something to help your case! This is pathetic!</p>","html":"<p>Jeez shorts, poor effort on your part! Do or at least say something to help your case! This is pathetic!</p>"},{"id":106337326,"gmtCreate":1682606825132,"gmtModify":1682606831539,"authorId":3583137839879179,"author":{"id":3583137839879179,"authorId":3583137839879179,"name":"lyj1999","avatar":"https://static.tigerbbs.com/5d7368738bf169cbe1003cad31acb204","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9947369940,"type":1,"supId":106337025,"prevId":0,"content":"<u>oo</u>","text":"<u>oo</u>","html":"<u>oo</u>"}],"langContent":"EN"},{"id":9947360189,"gmtCreate":1682579236041,"gmtModify":1682579239820,"author":{"id":"3570070988174561","authorId":"3570070988174561","name":"Sharkie","avatar":"https://static.tigerbbs.com/631c9e9d4680a952704a2d3eef7bfbc8","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"How much does the new cooling measure affects the banks ?&nbsp;","listText":"How much does the new cooling measure affects the banks ?&nbsp;","text":"How much does the new cooling measure affects the banks ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947360189","repostId":1155433074,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9947360061,"gmtCreate":1682579064353,"gmtModify":1682579068557,"author":{"id":"4132300740238052","authorId":"4132300740238052","name":"icycrystal","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Thanks for sharing","listText":"Thanks for sharing","text":"Thanks for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947360061","repostId":1155433074,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9947384552,"gmtCreate":1682577939477,"gmtModify":1682577943617,"author":{"id":"4144502430193092","authorId":"4144502430193092","name":"Elly cat","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":2,"crmLevelSwitch":0},"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947384552","repostId":1155433074,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":15,"commentSize":0,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}