0901 GMT - Singapore property stocks fell Monday amid wider geopolitical uncertainties. UOL Group drops 5.6% in afternoon trade, while City Developments declines 4.8%. Such moves likely come after analysts' revisions to the sector's risk-reward profiles amid current macro uncertainties, says Maybank Securities analyst Krishna Guha in an email, noting the exact reasons are unknown. The stocks should remain potential beneficiaries of ongoing value-unlocking initiatives, offering reasonable valuations, he adds. UOL and City Developments are strong proxies to Singapore's property market growth and their share prices are likely to recover, barring a prolonged conflict, adds RHB Research's Vijay Natarajan. Other Singapore-listed property names are also lower. Hongkong Land sheds 4.2%, while GuocoLand slips 0.8%. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
March 16, 2026 05:01 ET (09:01 GMT)
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