SINGAPORE (Sept 19): Singapore’s property market received a boost from resale transactions in light of flagging primary sales in August, says DBS. However, the total overall transactions for August surpassed any total since 2013, with 1,621 property transactions. While the property market looks like it is on the uptrend, the takeup of upcoming launches will be key for determining buyer sentiment, warns Tan. DBS Research has issued a “buy” rating for City Developments, Capitaland and UOL, with the target price of S$9.90, S$3.60 and S$7.20 respectively. Shares for City Developments traded down 0.34% at S$8.83, while Capitaland traded flat at S$3.12 and UOL traded up 0.91% at S$5.56 as of 11.21am.

Source: The Edge Markets September 19, 2016 04:30 UTC