
Singapore’s biggest Real Estate plays outperformed the STI by almost 5pp in 2014
Check out the five best performers.
In the year thus far, the FTSE ST Real Estate Index has gained 6.5%, while the STI gained 1.9%. The 50 largest capitalised Real Estate stocks listed on SGX have a combined market cap of $187b and genertaed a 5.9% average total return over the period.
According to SGX, after generating comparable price returns in 2014, the Real Estate plays in Singapore have performed more strongly than the Straits Times Index (STI) over the first eight weeks of 2015.
Of the 50 stocks, the five best performers over the eight week period, were Sinarmas Land, Keppel Land, Fortune REIT, Ascendas India Trust, and Hongkong Land Holdings.
Real Estate Holding & Development companies led the gains in the first eight weeks of 2015, while Real Estate Investment Trusts (REITs) led the gains in 2014.
Real Estate Holding & Development stocks and REITs represent two important sides of the Real Estate Sector. While REITs have been listed on Singapore Exchange (SGX) since 2002, up to 10 of the Real Estate Holding & Development companies have grown out of businesses that were founded before 1965.