Singapore property shares fall on cooling measures
POSTED: 01 Jul 2013 10:50 AM
Shares of Singapore's blue-chip property firms were down on Monday as investors reacted to the government's new measures aimed at cooling the housing market.
SINGAPORE: Shares of Singapore's blue-chip property firms were down on Monday as investors reacted to the government's new measures aimed at cooling the housing market.
Shares in Capitaland Ltd were down 2.3 per cent while City Development Ltd fell 1.2 per cent in Monday morning trade.
The Monetary Authority on Singapore on June 28 introduced new home loan rules which discourage lenders from making property loans that result in individual borrowers using more than 60 per cent of their monthly incomes to service debt.
- CNA/fa
- wong chee tat :)
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