Can the 3 big listed property groups overturn their underperformance?
Singapore
BANKING and property have historically been major sectors of focus for equity investors in Singapore. Over the last five years, however, the share price performance of Singapore's three listed local banks has diverged sharply from that of the three largest listed local developers.
Shareholders of the largest bank by market capitalisation, DBS, have seen their shares roughly double over the five-year period to end-February. Shares of the the largest developer by market cap, CapitaLand, have gained just 8 per cent.
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