Real estate stocks rally in January

Find out who the top gainers are.

Stocks in the real estate development & management sector was one of the best performing sectors in January, data from the SGX revealed.

The sector’s ten largest capitalised stocks are currently placed within 7% of their respective 52-week highs. The same ten stocks are, on average, up 18% off their 52 week lows.

These gainers include Hongkong Land Holdings, CapitaLand, Global Logistic Properties, City Developments, Keppel Land, UOL Group, Frasers Centrepoint, United Industrial Corporation, and Wheelock Properties (Singapore), and GuocoLand.

Four stocks from the sector are part of the Straits Times Index, namely Hongkong Land Holdings, CapitaLand, Global Logistic Properties and City Developments.

They have a combined market capitalisation of $59.8 billion and averaged a 4.3% return in January. 

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