Table of Contents
PROPERTY SECTOR:
STAY ON THE ROAD TO RECOVERY
Executive Summary 3
Residential Sector 5
Prices 5
Demand 8
Supply 12
Rentals 15
Deferred Payment Scheme 17
Key Inflexion Points 19
Office Sector 19
Financials and Balance Sheet 22
Valuation and Recommendations 23
Risk Factors 24
Valuation Table: Property Developers 25
Stock Profiles 26
Allgreen 27
City Developments 30
Ho Bee 33