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Latest round of property cooling measures hits S’pore stock market
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The magnitude of the impact of Singapore's new property curb measures is still being debated.
PHOTO: ST FILE
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SINGAPORE – As widely anticipated, Singapore-listed property and bank stocks were hit on Thursday after the Government unveiled a fresh round of property cooling measures.
At the close of trading on Thursday, City Developments (CDL) had dropped 5.6 per cent to $6.91, while PropNex was down 6.51 per cent to $2.01, and Apac Realty dipped 3.59 per cent to 60 cents. Ho Bee Land lost 0.92 per cent to close at $2.15.
