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20 most valuable Singapore landowners

Guess which tops the list with over $7.36bn market capitalization.

Data obtained from Singapore Exchange show that CapitaMall Trust tops the list with market capitalization amounting to $7.36 billion.

It was followed by Ascendas Reit at $5.91bn and CapitaCommercial Trust at $4.69bn.

In a research note, OCBC notes that new measures, said to be the most comprehensive set of property cooling measures since Sep 2009 would also impact on industrial property as well.

"We believe the latest private residential curbs, consisting of more ABSDs, tighter LTVs and higher cash down-payments, are amongst the most onerous seen thus far, and would likely crimp buyer demand significantly."

OCBC said, developer stocks showing knee jerk reactions of 3%-7% price dips on these curbs but caution against buying on weakness for two reasons: 1) the latest set of cooling measures would likely have a deep and sustained impact on demand fundamentals, and 2) these curbs point to a strong political will to soften property prices and possibly more aggressive measures ahead.

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