24 Dec '12, 10am

How long will run-up in property counters last?

http://www.straitstimes.com/archive/...-last-20121222 How long will run-up in property counters last? Analysts advise caution if developers have high exposure to local market Published on Dec 22, 2012 By Goh Eng Yeow Senior Correspondent, Play of the week THE contrast could not have been more striking: You couldn't give away property shares in June but since then they have been selling like hot cakes. Back in the middle of the year, few investors were keen to buy into the developers even though they had fallen by as much as 15 per cent in the space of two months. But there has been a change of heart. Property giant CapitaLand has surged 37 per cent since July while City Developments has gained 15.4 per cent. Upmarket developers are on a roll, despite struggling to sell luxury condos. Wing Tai Holdings has advanced 41.2 per cent and Wheelock Properties has risen 18 per cent...

Full article: http://forums.condosingapore.com/showthread.php?p=347458#...

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