SINGAPORE/HONG KONG (Aug 14): Hong Kong’s property stocks are cheaper than Singapore’s, although not cheap enough to account for the risk that the world’s least affordable city could have a housing crash.

That’s according to analysts and money managers from Nomura Holdings Inc. to Janus Henderson Group Plc. In Singapore, some are seeing signs of a market bottom after years of home price declines. Hong Kong, where any let-up in government cooling measures looks unlikely in the short-term, may be teetering on the edge of a slump, with Morgan Stanley among those seeing a risk of multiyear declines.

The upshot: while Hong Kong developers’ shares are cheaper across a range of measures, their Singapore peers look more attractive.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook