SGX Real Estate Index Returned 19.5% YTD on Positive Indicators

Categories: Industry/Sector Analysis, General Market Analysis, Fundamental Analysis, Financial Analysis, Investor Education, Equity Investments

Country or region: Asia Pacific (Overall)

Summary:
SGX Real Estate Index Returned 19.5% YTD on Positive Indicators
  • The SGX Real Estate Index, a benchmark for Singapore’s Real Estate Sector, has returned 19.5% in the YTD. Domestic private home prices have shown signs of stabilisation in recent months, with a pick-up in primary transaction volumes.
  • There are 104 Real Estate companies (diverse across assets) with a combined market capitalisation of almost S$190 billion listed on the SGX. Some key drivers for the sector include population growth, government cooling measures, land supply and interest rates.
  • Post the YTD rally, sector valuations remain below their long-term historical average. Singapore property developer stocks are trading at PB ratio of 0.75x vs their long-term average of 0.83x.


Reference URL: http://www.sgx.com/wps/wcm/connect/sgx_en/home/newsflash/mu_06072017_1




Abstract

SGX Real Estate Index Returned 19.5% YTD on Positive Indicators

  • The SGX Real Estate Index, a benchmark for Singapore’s Real Estate Sector, has returned 19.5% in the YTD. Domestic private home prices have shown signs of stabilisation in recent months, with a pick-up in primary transaction volumes.
  • There are 104 Real Estate companies (diverse across assets) with a combined market capitalisation of almost S$190 billion listed on the SGX. Some key drivers for the sector include population growth, government cooling measures, land supply and interest rates.
  • Post the YTD rally, sector valuations remain below their long-term historical average. Singapore property developer stocks are trading at PB ratio of 0.75x vs their long-term average of 0.83x.



Date of original publication:

07/06/2017


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