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Property Stocks Lead Singapore Market in 2017

Singapore property stocks are set for their best annual performance in five years, and strategists believe the rally is far from over.

Daniel Lorenzzo

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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.

Property Stocks Lead Singapore Market in 2017

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.

Singapore property stocks are set for their best annual performance in five years

Singapore property stocks are set for their best annual performance in five years

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 Straits Times Index.

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HKMA Norman Chan

The HKMA’s Norman Chan says Hong Kong’s banks are just fine

Hong Kong’s Banks Said Well-Equipped for a Property Downturn

Hong Kong’s banks are better prepared than 20 years ago for a crash in the property market – even amid the world’s costliest apartments – because they are better capitalised and less exposed to real estate loans after the regulator forced them through eight rounds of mortgage tightening measures, the Hong Kong Monetary Authority’s chief executive said.

“[While] nobody can predict when the next crisis will arrive, Hong Kong’s financial sector is now well prepared for that,” Chan said in an interview with the South China Morning Post.

“In 1997, many homebuyers only needed to pay 10 per cent of the value of the property,” Chan said. “When the property price dropped 10 per cent, these homeowners fell into negative equity.”

The city’s mortgages now make up 51 per cent of property values on average, reduced from 64 per cent in 2009 after eight rounds of tightening. Two decades ago, mortgages were 70 per cent of property values while the developer would lend 20 per cent.

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April International Care announces raft of enhancements to MyHEALTH Singapore

APRIL International Care has announced significant improvements to its MyHEALTH Singapore private international health insurance policy range

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APRIL International Care has announced significant improvements to its MyHEALTH Singapore private international health insurance policy range, in particular to its “Elite” module. The changes will take effect from 1 August 2020. 

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Markets

Tiger Trade Launches SGX Trading, Meeting Demand from Asian Investors

Access to the Singapore Exchange (SGX) adds to Tiger Brokers’ current menu of stock exchanges, such as the New York Stock Exchange (NYSE) and the Nasdaq Stock Market (NASDAQ), the world’s two largest stock exchanges, as well as the Hong Kong Stock Exchange (HKEX).

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SINGAPORE (ACN Newswire) – Tiger Trade, a one-stop mobile and online trading application by Tiger Brokers, has launched access to the Singapore Exchange (SGX).

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Business

Asia’s Most Innovative Country in 2019 is Singapore

Singapore (4th worldwide) has prioritised health and medicine in its national innovation strategy, including its AI development plan.

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Continuing innovations in health and medicine have led to economic growth and a better quality of life for many around the world. But inequalities could grow rapidly.

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