Singapore, Jan 20, 2026, 15:36 SGT — Regular session
- UOL Group shares climbed roughly 2% in afternoon trading, defying the broader slide in the STI.
- Property-linked counters edged up following new research highlighting lower funding costs and a rise in deal activity.
- Traders are focused on URA’s property statistics update dated Jan. 23 for insight into the market outlook through 2026.
Shares of UOL Group rose Tuesday, pushing higher amid a broad pullback in Singapore’s property sector.
The developer’s shares climbed 2.2% to S$10.28 by 3:17 p.m., on volume of roughly 1.9 million. Meanwhile, the Straits Times Index slipped 0.2%. 1
This shift is significant as real estate stocks have turned into a crowded trade early this year, with investors racing to gauge the next phase for funding costs and deal activity. Plus, new official property data is set to drop this week.
Property-heavy stocks showed a mixed bag but leaned mostly higher. Hongkong Land climbed 2.3%, while City Developments added 0.8%, based on delayed exchange data. 1
Colliers’ latest research update highlighted a rebound in investment activity, noting that cheaper borrowing could sustain the momentum. “Lower financing costs… should accelerate deal execution,” said Terry Wong, head of capital markets and investment services in Singapore, in the report. 2
Colliers reported that investment sales in Singapore reached SGD 36.1 billion in 2025, marking the strongest total in eight years. The firm also forecasted that 2026 volumes might climb another 5% to 10% as interest rates ease and liquidity conditions get better.
Investors are eyeing the Urban Redevelopment Authority’s complete fourth-quarter real estate data, set for release on Jan. 23. This will revise the earlier “flash estimate” on private home prices. 3
URA’s flash estimate on Jan. 2 reported a 0.7% quarter-on-quarter rise in the private residential price index for Q4, with a 3.4% gain projected for 2025. The Jan. 23 update could still adjust these numbers.
UOL grabbed attention after securing a S$1.50 billion government tender last week for an integrated residential and commercial site at Hougang Central. The company said the win will boost its land bank. 4
For some investors, the land pipeline offers short-term backing for developers. Yet, concerns linger about execution and balance sheets, especially when projects rely on debt financing.
The rally in property stocks could reverse swiftly. Should borrowing costs cease their decline, or if the Jan. 23 URA release signals a steeper drop in prices or transactions, the trade may unravel.
UOL is eyeing Friday’s URA data update as its next major catalyst. The figures are expected to shape sentiment for Singapore real estate stocks heading into next week.
