APAC Realty - DBS Research 2022-09-30: Hit By Fresh Cooling Measures

APAC Realty - Hit By Fresh Cooling Measures

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APAC REALTY LIMITED (SGX:CLN) | SGinvestors.ioAPAC REALTY LIMITED (SGX:CLN)
  • Barely a year after the last round of cooling measures announced in December 2021, the government has introduced several fresh measures to cool the property market, including new restrictions to curb quantum and taper demand.
  • Refer to the MAS-MND-HDB joint press release. This time round, the measures are more targeted at the HDB segment while the reduction in the total debt servicing ratio (TDSR) would reduce affordability and also affect the private property market. The HDB resale index has gained 5.2% since December 2021, vs a 4.2% gain for the overall private residential index.
  • - Read this at SGinvestors.io -

Impact on APAC Realty’s profitability has been short-lived in the past but expect a prolonged impact this time round.



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