Shares of Singapore-listed developers with China operations mostly down, but decline in line with broad market pullback, not accompanied by heavy volume, suggesting investors not overly concerned about impact of Beijing’s latest measures to rein in home prices, says Dow Jones.

View backed by current gains in shares of China-listed developers.

“The (initiatives) are not unexpected as several cities have already introduced part of the measures, including limiting purchase, increasing mortgage ceiling and the ban of mortgages to third home buyers,” says CIMB; “however, we believe that this will continue to add pressure to market sentiment, which will impact property prices in China.”

CapitaLand (C31.SG) off 0.7% at $4.08, Yanlord Land (Z25.SG) off 0.6% at $1.71, Guocoland (F17.SG) off 0.8% at $2.35, Keppel Land (K17.SG) +0.5% at $4.07.