Additional Buyer’s Stamp Duty (ABSD)

The agency says it expects launches to proceed as scheduled and developers to price units ‘sensitively'.

The 60% ABSD for foreign buyers is believed to be the highest in the world.

The analyst cites CapitaLand Investment as her top pick as it would be the least impacted by the new measures.

"If left unchecked, prices could run ahead of economic fundamentals"

While Covid-19 has affected the outlook of Singapore’s residential sector, RHB analyst Vijay Natarajan believes the market might see a price correction instead of a collapse.

SINGAPORE (July 16): RHB Research is upgrading Singapore’s banking sector to “overweight” from “neutral” on expected widening NIM (net interest margin) despite the property cooling measures.

SINGAPORE (July 6): DBS Group Research is downgrading its recommendations for both Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) – and slashing their target prices by up to 20%.

SINGAPORE (July 6): OCBC Investment Research is downgrading the Singapore residential sector rating to “neutral” from “overweight” previously, as RHB Research places its “overweight” sector call and recommendations under review.

SINGAPORE (Sept 16): The clock is ticking for Singapore’s property developers, who are facing the double threat of ABSD deadlines and looming supply.