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Singapore property firms more attractive than Hong Kong's
Analysts say Hong Kong property market poses risks.
Bloomberg Markets reported that Hong Kong’s property stocks are cheaper than Singapore’s, although not cheap enough to account for the risk that the world’s least affordable city could have a housing crash.
That’s according to analysts and money managers from Nomura Holdings Inc. to Janus Henderson Group Plc. In Singapore, some are seeing signs of a market bottom after years of home price declines. Hong Kong, where any let-up in government cooling measures looks unlikely in the short-term, may be teetering on the edge of a slump, with Morgan Stanley among those seeing a risk of multi-year declines.
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