Brokers' take
Property Development and Investment | Neutral
CIMB Research, Aug 17
July 2015's primary residential sales of 1,594 units (ex-ECs) was triple of that a year ago, thanks to the boost by High Park Residences which saw an 85 per cent take-up rate and made up 73 per cent of the month's transactions. Excluding this, the remaining sales were fairly similar to June's, indicating anaemic but stable demand.
We expect the residential market to remain lacklustre in the absence of policy catalysts, while the large incoming supply should continue to be a drag on prices. We ma…
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