Now Could Be a Good Time to Buy Singapore Property StocksBy
Speculation is building that government might review measures
Home prices likely to reach bottom this year, OCBC’s Lee says
Yes, you heard it right — Singapore’s home prices are set to make a comeback after a three-year losing streak. And analysts think property developer stocks are the best way to play that rebound.
Amid a restructuring push to boost a slowing economy, the government could signal its intention to reconsider property cooling measures as early as the budget speech in February, Carmen Lee, head of research at Oversea-Chinese Banking Corp. said in an interview. That promises to boost the city-state’s largest developer stocks, including City Developments Ltd., which is one of the top picks for OCBC’s Lee and analysts at CIMB Research Pte, Credit Suisse Group AG. Other potential winners include CapitaLand Ltd., UOL Group Ltd. and OUE…
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