APAC Realty Set to Benefit from Singapore Property Measures

Dow Jones

08/04

0313 GMT - APAC Realty stands to benefit from Singapore's property-related measures, RHB Research's Vijay Natarajan says in a note. The government has introduced measures that appear positive for medium-term transaction volumes. These include the removal of 15-month wait-out period for private residential owners buying resale public-housing flats and an extension of timeline to complete and sell large-scale en-bloc sites. RHB Research lifts its 2026-2028 net profit forecasts for the real estate services provider by 2%-3%. It raises the stock's target price to 0.74 Singapore dollar from S$0.71, with an unchanged buy rating. Shares are 6.1% higher at S$0.61.

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