16 Mar '17, 3am

Developer share prices trending upwards

Share prices for some of Singapore’s biggest developers surged after cooling measures were eased last Friday. (Photo: Jonathan Choe, Flickr) Three large property developers reported sizeable increases in their stock prices hours after the government announced the easing of two property cooling measures last Friday (10 March), reported The New Paper . In particular, UOL Group, CapitaLand and City Developments Limited (CDL) contributed to the highest gains in the Straits Times Index (STI), which rose at least four percent. The Business Times also reported that the FTSE ST Real Estate Index, which consists of 44 Singapore property firms, reached a record high since July 2015. The authorities announced that the Seller’s Stamp Duty (SSD) will only apply to homes sold within three years of purchase instead of four years previously. They also lowered the rates for each tier by fo...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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