Listed developers are not going extinct
Family owned and run property groups like Ho Bee and Hong Fok can tap the counsel of independent directors and strengthen their corporate governance
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Singapore
LISTED property developer groups here are undervalued, going by the large discounts to net asset value (NAV) at which they trade.
This phenomenon is not unique to Singapore. In property-crazy Hong Kong, behemoths such as Sun Hung Kai Properties and CK Asset Holdings also trade at significant discounts to NAV.
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