Property Stocks

Since the July 6 measures to preempt runaway prices in the Singapore housing market, valuations of real estate stocks have fallen somewhat. But analysts caution against jumping in too quickly, unless the counter is a diversified play. On July 5, the government announced adjustments which saw higher additional buyer's stamp duty (ABSD) and tighter loan-to-value (LTV) limits on residential property...

Shares of major property developers in Singapore were battered Monday after the government introduced new measures to cool the real estate market at the weekend. By midday, shares of top developers listed on the Singapore Exchange had sunk more than four per cent as investors spooked by the measures dumped the stocks. CapitaLand shed 4.11 per cent to S$3.73, City Developments fell 6.11 per cent to...

Shares of Singapore property developers posted sharp falls yesterday as the market gave its first reaction to the tighter rules on home loans brought in by the Government to help curb the continued upward pressure on residential prices. CapitaLand fell 3.3 per cent, City Developments dropped 2.3 per cent and Keppel Land lost 1.7 per cent. The Straits Times Index lost 1 per cent. Analysts said there was...

Property plays are trading at steep discounts from book value and this may make them ripe for the picking, according to a DBS Group Research report published yesterday. As earnings visibility is clouded by the current economic uncertainties, a less volatile valuation parameter to consider is the book value of assets, the report said. About 60 per cent of the stocks listed on the Singapore Exchange are...

The property rush continues to grab the headlines with queues at new launches and crowds at show flats. Perhaps a sobering reminder would be the still declining prices based on the Urban Development Authority’s (URA) flash estimates released earlier this Wednesday. The price index for private residential property is still falling, albeit at a slower rate. Overall residential prices fell by 5.9% in 2Q09...

Singapore-listed property counters have been massively sold down in recent weeks. They are underperforming the benchmark STI, with losses of about 61 per cent year-to-date. With the outlook for the sector still cloudy, analysts say they would prefer to remain cautious on these property stocks for the year ahead. Weak new home sales in Singapore have translated into soft earnings, a poor outlook, and...

NEWS that private home sales slowed last month battered property stocks yesterday, but analysts are not interpreting the numbers to mean the start of a downturn for the sector just yet. Forty-three of the 52 listed property shares were down. Among the biggest price-percentage losers were LC Development and Orchard Parade Holdings, which were down 5.9 per cent and 4.5 per cent to $0.48 and $1.90,...