DBS Group Research analysts Derek Tan and Rachel Tan say the negative knee-jerk reaction in the share prices of property developers is likely to be “more muted” compared to that of previous rounds.
See: Fresh set of property cooling measures with immediate effect and Property counters on SGX see red as cooling measures kick in
The analysts’ report comes after a fresh set of cooling measures were announced in the late hours of Dec 15. A few hours later, property counters on the Singapore Exchange (SGX) saw red as share prices dived.
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