When the government announced its new property policies to curb speculation of new housing units, half a dozen stock prices for property based stocks such as Allgreen, City Developments and Keppel Land fell overnight.
Took the chance that morning to purchase some lots of Keppel Land and Ho Bee, as the fundamentals of these companies should not be affected by the breaking news. I believe that you can never go too wrong with property in Singapore. Buying a property is more of location than timing, and the companies whose prices had fell this time round weren't only in residential investments.
Upcoming week would be interesting to see if the prices start to show any movement upwards or if investors are still half hearted over the prospect of the property market in Singapore. A perfect example to show how stock prices are so closely related to sentiment.
News. Panic. Sell.
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