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City Developments, UOL Group, and United Overseas Australia: The three best-performing real estate developer stocks

Top three real estate developer stocks averaged total return of 30.1% YTD

City Developments (CDL) leads the pack at 35.7% YTD.

The three best-performing real estate developer stocks (excluding REITs) have posted an average total return of 30.1% YTD, according to an SGX report. These firms have a market cap exceeding $200m.

City Developments (CDL) leads the pack at 35.7% YTD, followed by UOL Group at 28.8% and United Overseas Australia at 25.9%. These three firms’ average total return figure also exceeded the 10 best performing real estate developer stocks’ total return of 21.7%, with a 3Y and 5Y total returns of 23.3% and 16.7%, respectively.

Firms included in the top 10 include Oxley Holdings, CapitaLand, Hong Fok Corp, GuocoLand, AVJennings, SingHaiyi and OUE.

In terms of market cap, CapitaLand clinched first place at $18.24b amongst the top 10. CDL followed with a $9.52b figure, whilst UOL came third at $6.5b YTD.

SGX lists over 70 real estate developers and operators. Amongst these, more than 30 have a market capitalisation of $200m and above.

Data from the Urban Redevelopment Authority (URA) showed that the private residential property index rose 1.3% to 152.8 points in Q3, after a gain of 1.5% to 150.8 points in Q2.

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