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Time to look at Singapore-listed blue chip developers

CDL, UOL and CapitaLand shares present investors with significant valuation upside if they can ride out this down cycle

Published Mon, May 25, 2020 · 09:50 PM

Singapore

PRIVATE home prices are poised for a moderate decline as unemployment looks set to rise and property viewings continue to be disallowed due to social distancing measures.

But shares of the largest Singapore-listed developers look attractive as they are trading close to previous trough scenarios - presenting investors with significant valuation upside if they can ride out this down cycle, analysts said.

RNAV, or revalued net asset value, is the most widely used valuation method for locally listed developers.

RNAV is similar to the NAV or b…

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