Home Real Estate Real estate stocks rally

Real estate stocks rally

by Jonathan Adams

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.



Important
This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Related News

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Know more