Industrial real estate has shown positive signs after the country began reopening international air routes. However, higher leasing fees are a concern.
SINGAPORE - Property investment sales in Singapore are expected to return to pre-Covid-19 levels over the next three quarters of the year as investor sentiments continue to improve amid economic growth and stability, said real estate consultancy Colliers in a report on Thursday (April 15).
Real estate investment sales rose 25.8 per cent in the first quarter of this year, posting a year-on-year increase of 47.9 per cent to $3.8 billion. The figure excludes mergers and government land sales.
This was mainly led by the commercial and industrial property segments, including a number of major deals such as the half-stake in OUE Bayfront sold for $634 million, the sale of YewTee Point for $220 million and Boustead Projects injection of 14 properties into the newly established Boustead Industrial Fund at $469 million.
Trading Buy
Share price may exceed 15 per cent over the next 3 months; however, longer-term outlook remains uncertain
Neutral
Share price may fall within the range of +/- 10 per cent over the next 12 months
Take Profit
Sell
Share price may fall by over 10 per cent over the next 12 months
Most of the brokers give their rating based on the stock’s expected total return , which considers a company’s share price appreciation plus its dividends.
The eagle-eyed ones would have also noticed that the broker ratings are given over a 12-month time frame.
If you are an investor, a one-year period is too short in my opinion.