Jan 18 (Reuters) - Fitch:
* FITCH RATINGS SAYS HOUSING DEVELOPMENTS UNLIKELY TO AFFECT APAC COVERED BOND 2019 OUTLOOK
* FITCH SAYS IN SINGAPORE, HOUSE PRICES EXPECTED TO RISE; IN SOUTH KOREA, AUSTRALIA, NEW ZEALAND, PROPERTY MARKET CONDITIONS LIKELY TO CONTINUE TO SOFTEN
* FITCH SAYS DOES NOT EXPECT ANY DOWNGRADES OF SOVEREIGN RATINGS IN APAC REGION, IN PARTICULAR COUNTRY CEILINGS, TO AFFECT APAC COVERED BOND OUTLOOKS
* FITCH SAYS DOES NOT FORESEE DEVELOPMENTS IN HOUSING MARKETS IN AUSTRALIA AND NEW ZEALAND TO HAVE A MATERIAL IMPACT ON ASSET PERFORMANCE AND COVERED BOND RATINGS IN 2019
* FITCH SAYS UPCOMING ELECTIONS IN AUSTRALIA MAY RESULT IN SIGNIFICANT CHANGES IN IMMIGRATION AND TAXATION POLICIES, WHICH MAY GIVE RISE TO HOUSE PRICE VOLATILITY