【出版时间及名称】：2009年12月新加坡地产行业研究报告
        【作者】：BNP百富勤
        【文件格式】：PDF
        【页数】：56
        【目录或简介】：
Contents
1) NEUTRAL; risks are weighing down on further recovery, but downside limited .................................................................. 3
2) Upward revision of supply is the key risk to 2010 recovery.................................................................................................... 5
3) Affordability of mass-market homes is illusive ........................................................................................................................ 7
4) A slowdown may not be a bad thing ........................................................................................................................................ 9
5) It’s not the end; downside supported..................................................................................................................................... 13
6) Land banking the next catalyst? … impact may not be great ............................................................................................... 16
7) Office space: don’t be fooled by the mist ............................................................................................................................... 18
8) Limited property price increase; property stocks should be range-bound ......................................................................... 19
9) Appendix 1: Key industry trends (residential) ....................................................................................................................... 21
10) Appendix 2: Transactions of selected residential developments ...................................................................................... 22
11) Appendix 3: Key industry trends (office) ............................................................................................................................. 23
12) Appendix 4: Share price performance and valuation of listed developers ........................................................................ 24
13) Appendix 5: P/BV band of developers under our coverage ............................................................................................... 25
14) Company updates .................................................................................................................................................................. 27