06 Jul '18, 2am

Honestly, I’m actually surprised that the government took so long to act on the speculative market. https://t.co/hpY5IwhJLv

Honestly, I’m actually surprised that the government took so long to act on the speculative market. https://t.co/hpY5IwhJLv

THE fall in property and bank stocks continued on Friday afternoon, after the Government's surprise measures to cool the property market were announced on Thursday evening. At 1.50pm, City Developments had shed 17.04 per cent, or S$1.91, to trade at S$9.30, while UOL Group was down 12.65 per cent, or S$0.98, to S$6.77, recovering slightly from early losses. Developer Oxley Holdings gave up 14.63 per cent, or six Singapore cents, to trade at 35 Singapore cents, with its turnover of 22.39 million shares making it one of the most heavily traded, while CapitaLand was trading at S$3.01, down 17 Singapore cents or 5.35 per cent. Meanwhile, real estate agency PropNex fell 18.84 per cent, or 13 Singapore cents to 56 Singapore cents and real estate brokerage APAC Realty retreated 21.15 per cent or 16.5 Singapore cents to 61.5 Singapore cents. PropNex had just made its debut on the ...

Full article: https://www.businesstimes.com.sg/companies-markets/singap...

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