PropNex - DBS Research 2022-09-30: Not Spared From New Cooling Measures

PropNex - Not Spared From New Cooling Measures

Published:
PROPNEX LIMITED (SGX:OYY) | SGinvestors.ioPROPNEX LIMITED (SGX:OYY)
  • 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.

Market leader not spared but growing sales force could help to mitigate.

  • - Read this at SGinvestors.io -
  • - Read this at SGinvestors.io -

Growing contribution from private resale and HDB segments.

  • Read more at SGinvestors.io.




Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.




Lee Keng LING DBS Group Research | https://www.dbs.com/insightsdirect/ 2022-09-30



Read also DBS's most recent report:
2023-08-11 PropNex - 1H23 Results Below Estimates, Expecting A Better 2H23.

Previous report by DBS:
2023-03-01 PropNex - Riding On The Resilient Property Market.

Price targets by 2 other brokers at PropNex Target Prices.

Listing of research reports at PropNex Analyst Reports.

Relevant links:
PropNex Share Price History,
PropNex Announcements,
PropNex Dividends & Corporate Actions,
PropNex News Articles





Advertisement

You May Also Like




SGX Stock / REIT Search

Advertisement

Most Read

Trust Bank God Of Fortune Referral Code PGKPSWAE Trust Bank Referral Code 🎁

Advertisement