- Order of preference for Singapore property stocks: CapitaLand Investment (most preferred), followed by UOL Group, City Developments, and PropNex.
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- Forecast private new home sales in 2025 to range between 6,500 and 7,000 units, translating to a growth of 0.5-8.2% as compared to 2024.
Forecast private residential price growth of +2% to +4% in 2025.
- Singapore’s private residential property prices rose 3.9% in 2024. For the public markets, the HDB Resale Price Index (RPI) grew by 9.7% in 2024, compared to a 4.9% increase in 2023, marking the sixth consecutive year of growth in this segment. Consequently, the gap between private and public housing prices narrowed to 5.8% in 2024. This was the tightest spread since 4Q17.
- - Read this at SGinvestors.io -
Forecast private new home sales growth of 0.5-8.2% in 2025.
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Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
OCBC Research Team OCBC Investment Research | https://www.iocbc.com/ 2025-02-21
