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Old 30-06-2009, 11:11 AM
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Default Credit Suisse Report dated June 23, 2009

Excerpts from the Credit Suisse report on Singapore Property Sector dated June 23, 2009 (see full report attached below):

If we consider total housing supply including public housing,
average supply of 24,000 during 2008-12 is 45% lower than the
10-year historical average. This does not look excessive versus
the annual average 24,000 household formations (marriages).
We believe the 1,141 CCR DPS units this year have lower default risks as current prices are not far from launch prices; key risk would be the 1,270 CCR DPS units in 2010 that had been sold at peak prices.

Attached Files
File Type: pdf credit-suisse-23june09.pdf (165.7 KB, 14 views)
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