𝐒𝐆 𝐏𝐫𝐨𝐩𝐞𝐫𝐭𝐲 𝐒𝐞𝐜𝐭𝐨𝐫 - 𝐓𝐢𝐦𝐞 𝐭𝐨 𝐀𝐜𝐜𝐮𝐦𝐮𝐥𝐚𝐭𝐞? 𝐖𝐡𝐞𝐫𝐞? (𝐂𝐚𝐩𝐢𝐭𝐚𝐥𝐚𝐧𝐝 & 𝐂𝐢𝐭𝐲𝐃𝐞𝐯)

Sunday, September 13, 2020

Over the past few months, we have still seen weakness in the SG property sector.. 📉📉

The 2 heavy-weights counters Capitaland and CityDev are still 𝐬𝐮𝐟𝐟𝐞𝐫𝐢𝐧𝐠 𝐟𝐫𝐨𝐦 𝐬𝐞𝐥𝐥𝐢𝐧𝐠 𝐩𝐫𝐞𝐬𝐬𝐮𝐫𝐞..

It seems like any short term rebounds are met with more selling and, 😢

buyers are just 𝐍𝐎𝐓 𝐀𝐁𝐋𝐄 to take it up to recent highs or maybe even near to pre-Covid19 prices..

Joey here, Top Tier Remisier in Phillip Securities.

After talking about the different sectors in the Singapore Stock market, some have asked if I can share more about the Property sector.

The question i have been getting is:

"𝐈𝐬 𝐈𝐭 𝐓𝐢𝐦𝐞 𝐓𝐨 𝐒𝐭𝐚𝐫𝐭 𝐀𝐜𝐜𝐮𝐦𝐮𝐥𝐚𝐭𝐢𝐧𝐠 𝐓𝐡𝐞𝐦 𝐍𝐨𝐰?" 🤷🤷

Both of these counters have tanked by about 30% compared to before Covid-19 so it is indeed attractive from a discounted price perspective..

Well, my sense is it 𝐦𝐚𝐲 𝐨𝐫 𝐦𝐚𝐲 𝐧𝐨𝐭 be the right time depending on your strategy but more importantly,

The question should be 𝐖𝐇𝐄𝐑𝐄 we can begin eyeing them so that the upside reward is 𝐌𝐎𝐑𝐄 𝐟𝐚𝐯𝐨𝐮𝐫𝐚𝐛𝐥𝐞.. 👀

Watch this video recorded before market opened on 7 Sept 2020 to see where we are NOW for Capitaland and CityDev and What you can do!