And analysts think property developer stocks are the best way to play that rebound. Other potential winners include CapitaLand Ltd, UOL Group Ltd and OUE Ltd.“Between buying physical property and buying stocks, stocks offer you the liquidity and they are pricing in all the negatives,” Lee said. The Singapore property index of 44 real estate stocks was little changed. CapitaLand, South-East Asia’s largest property developer by market capitalisation, has dropped about 20% from 2013 levels, when shares reached a cyclical high. Singapore developers are trading at a one-year forward price-to-book of 0.7 times, an “undemanding” valuation that is close to its 2008-2009 lows, according to Credit Suisse analysts including Louis Chua.

Source: The Star January 26, 2017 23:04 UTC