On the flip side, posh home prices will dip.
According to OCBC, as indicated in its last residential sector report dated 26 Jun 2012, there is deep value embedded in high-end developer stocks.
Here's more from OCBC:
Year to date, we have seen ~20.9K new homes (excluding landed and EC) sold by developers, of which the bulk (74%) are mass-market (OCR) units.
As interest rates remain low, we believe that continued monetary liquidity in the market would underpin demand for mass-market units.
We forecast for mass market property prices to appreciate 0%-5% in 2013. For high-end property, we expect prices to dip 0% - 10% in 2013, due to the impact of recent cooling measures.
We expect continued strength in the mass-market segment in FY13.
Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C
Senior Sales Director
DTZ Debenham Tie Leung (SEA) Pte Ltd (L3006301G)
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