Here’s a good reason to own Singapore property shares: you might not have to own them for long.
Investors from ABN Amro Private Banking to Baring Asset Management Ltd. are eyeing developers that may be taken private by their parents as 66 percent of the companies trade at less than the value of their net assets. Six developers were bought out since 2010 at an average share-price premium of 26 percent, data compiled by Bloomberg show. In the most recent and largest transaction, Keppel Corp. paid S$2.7 billion ($2 billion) for the rest of Keppel Land Ltd. in March.