Brokers' take

Singapore Property: Global Logistic Properties and Wing Tai | Buy

GLP Sept 28 close: S$2.02

Wing Tai Sept 28 close: S$1.67

OCBC Investment Research, Sept 28

The share prices of property developers, which had generally suffered lacklustre performances over the last year due to a slowing housing market, saw another leg down in Q3 2015 alongside increased volatility in the general market on heightened fears of a Chinese hard landing and uncertainty over a Fed rate hike.

Over 2014 to date, the Straits Times Real Estate Developer Index (FSTREH) fell 4.9 per cent while its price-to-book ratio dipped to 68 per cent, which is one standard devia…