With China’s residential market going into a centrally-ordered deep freeze, there are signs that Singapore may be an unexpected beneficiary, as news headlines this week carry stories of rebound in developer stocks and growing demand for housing sites.
Also in the news, a mainland developer wins with a suburban Sydney project, and there’s much more if you just keep reading.
Singapore property stocks are set for their best annual performance in five years, and strategists believe the rally is far from over.
With an expected pickup in real estate following the easing of housing curbs, developers are expected to be the bright spot in Singapore equities as gains in the city-state’s stocks may be limited for the rest of the year.
Property stocks including City Developments Ltd. and UOL Group Ltd. are already driving gains in Singapore stocks so far this year, with developers and property trusts making up more than half of the 10 best-performing stocks on the…