- Developers with predominantly Singapore residential exposure mispriced, as most projects achieving IRRs of 10% with minimal write-offs to book values.
- Crystallising the pricing gap between private and public markets for commercial real estate through selective divestments, but a restructuring could unlock significant value.
- - Read this at SGinvestors.io -
- Shareholders of UOL Group, Hongkong Land, GuocoLand and Ho Bee Land could benefit significantly .
Unlocking deep values within developers.
- - Read this at SGinvestors.io -
- Despite operating under close policy monitoring, with access to attractive leverage, we estimate developers can achieve project internal rate of return (IRR) of ~10% on average. With land bid prices moderating recently, we anticipate margin expansion for selected projects acquired through 2024, provided property prices remain buoyant.
Strategies to bridge the value gap between physical and listed markets.
- Read more at SGinvestors.io.
