Real estate sector outperforms overall STI early in 2017

Singapore

LISTED property developers and operators have returned 12 per cent since the beginning of this year, beating the Straits Times Index (STI)'s 8 per cent, according to SGX My Gateway.

The price-to-book (P/B) ratio of the real estate sector has also risen, albeit less drastically, the investor education portal said in an update report on Tuesday.

A metric used to compare market value to book value and gauge whether a market is undervalued or overvalued, the P/B ratio of the FTSE ST real estate holding and development index hovered near …