SG Property

URA private property index rose 5.2% qoq in 2Q10 (vs 5.6% in 1Q10 & 7.4% in 4Q09) to an all-time high. But prices are expected to moderate with slowing sentiment on home buying activity and govt move to increase supply. Latest launch of 3 residential sites under the land sales program shows govt is managing supply side policy to achieve a more sustained and moderated pace of home price increases. Most analyst prefers commercial landlords like Keppel Land, CCT to pure developers.