Housing demand, prices will continue to moderate: UOL
Group chalks up 69% rise in Q1 net profit to $120.8m
UOL Group, which posted 69 per cent year-on-year improvement in first-quarter net earnings, said residential property demand and prices will continue to moderate on the back of the cumulative effect of the various cooling measures.
It noted that the Urban Redevelopment Authority's private home price index eased 1.3 per cent in Q1 2014 over the preceding quarter.
"Rentals of office space are expected to move upwards amidst rising market confidence. Rentals of retail space are expected to remain stable," the property and hotel group said in its results statement.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology
Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336
Nasdaq’s profit falls as shaky economy keeps IPO revival elusive
iFast Q1 net profit surges on ePension unit performance