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Cap seen for any upside in property stocks

Anticipated residential price recovery deemed as factored into developers' share prices

The en bloc purchase of Raintree Gardens in Potong Pasir (above) at S$797 psf ppr last year was much lower than the prices paid for nearby sites in subsequent government land tenders.


EVEN as a residential price recovery looks imminent to many analysts who have an "overweight" view on the sector, some are seeing limited growth headroom for developers' share prices.

Most developer stocks, especially the large-caps, have priced in the looming recovery,...

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