Home THE DAILY EDGE Business Singapore stocks advance to highest since June 2008
Singapore stocks advance to highest since June 2008
Written by Bloomberg   
Monday, 02 August 2010 16:28
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Singapore stocks rose, sending the benchmark Straits Times Index to its highest level since June 2008, as shares of developers advanced on speculation demand for homes will increase as borrowing costs dropped.

The gauge rose 1.1% to 3,020.88 as of 4:21 p.m. local time, heading for its highest close since June 2008. City Developments led homebuilders higher, rising 4% to $12.58.
 
“We expect a slight appreciation in prices for mass housing,” Kim Eng Securities analyst Wilson Liew said in a telephone interview. “The cost of borrowing is very attractive for home buyers.
 
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Singapore stocks advance to highest since June 2008
Monday, 02 August 2010

Last Updated on Monday, 02 August 2010 16:29