116 views

Analyst advises investment to property developers with strong balance sheets

This as monthly home sales continue to decrease.

When Singapore’s home sales continue to decline, investors should make better decisions by investing in property developers that have strong balance sheets, CGS-CIMB said.

Home sales were low in December 2022, much lower than last year. With this, the analyst said it is wise to invest in property developers such as CIT, CLI, and UOL

Total sales for last year was 7,386 units, a 45% decline from the previous year. Prices for homes are also expected to increase 0-3% this year.

There are also potential risks that could hit the housing market such as interest rate hikes, a slow economy, and new property-cooling measures.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!