Singapore property plays 'too cheap to ignore' amid attractive valuations: DBS

Singapore

DBS Group Research on Thursday called Singapore's property developers "too cheap to ignore", citing attractive valuations.

The research team said in an industry note that the developers are well-equipped and capitalised to overcome near-term operational headwinds.

DBS's stock picks are CapitaLand and City Developments Ltd (CDL). Both have "buy" ratings and target prices of S$3.70 and S$10.50 respectively.

Shares of CapitaLand closed flat at S…

A NEWSLETTER FOR YOU

Tuesday, 12 pm

Property Insights

Get an exclusive analysis of real estate and property news in Singapore and beyond.

Sign Up