Prospects are good for property in Singapore

Singapore banks and property stocks should benefit from global rates easing, according to Julian Lau, portfolio strategist at Fidelity Investment Managers in Hong Kong. Over the past two years to the end of February, the Singapore index (STI) has risen 60.23% in sterling terms compared with the 1.5% in the FTSE All-Share. Lau believes that property has some good opportunities if the investor focuses on the quality of companies. "Property is very sensitive to interest rates and office property companies are performing well," he says. Gary MacKenzie, investment director at Merrill...