Singapore steps up property curbs

News - Singapore steps up property curbs to bring down prices

bbc.co.uk 14 Jan '13, 3am

Singapore steps up property curbs

14 January 2013 Last updated at 04:42 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Singapore steps up property curbs to bring down prices Home prices have hit record highs in the city-state despite a slowing economy Continue reading the main story Related Stories China's Singapore economy lesson Watch Singapore: Economic slowdown opens foreign labour debate Singapore has moved to curb its red-hot property market, hitting the share prices of its major property firms. Shares of CapitaLand fell almost 6%, Keppel Land fell 7.5% and City Developments fell 7.3% in early trading. Authorities have introduced higher taxes on industrial as well as residential property. Prices have continued to rise despite a weak economy and previous government efforts to bring them down. "We think the reaction to this set of comprehensive measures will be the m...

Full article: http://www.bbc.co.uk/news/business-21007478#sa-ns_mchanne...

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