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Real estate stocks rally

by Paul

Shares of Singapore-listed property players are poised to achieve their highest annual gain in five years, with experts believing that the good times would continue, reported Bloomberg.

So far this year, developers and property trusts, including UOL Group and City Developments Limited, account for five out of 10 top-performing shares on Straits Times Index.

In fact, the index tracking 42 Singapore property stocks increased by 16 per cent, leading to its biggest annual gain since 2012. Comparatively, the city-state’s benchmark gauge only rose by 12 per cent year-to-date.

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