Back in May, the two property plays I picked—Keppel and CapitaLand—were trading at similar prices. Keppel had a slightly higher valuation then, but now we are seeing a complete price inversion.
I’ve been quietly accumulating shares, but my biggest regret is that my position size is way too little. If prices drop again, I will definitely add more to my holdings. Of course, the main wildcard here is whether inflation expectations are heading up or down. This macroeconomic uncertainty makes the outlook tricky, but I’ll stay disciplined.
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