SINGAPORE (Nov 6): The stocks of Singapore's property developers have taken a beating this year from a government-induced fall in property prices, but valuations are now looking attractive and even the slightest reversal of government policy could prompt a rerating, JP Morgan says in a note.

The bank calls developers "deep value plays to accumulate amid bad [residential sector] news in 2016, particularly as interest rate hikes weigh on [real estate investment trusts."

It upgrades City Developments to overweight and initiates coverage on UOL Group and Frasers Centrepoint at overweight.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook