SINGAPORE (July 23): There may be a silver lining for investors in Singapore property stocks after recent government curbs fueled a selloff in the sector.

A $598 million take-private offer for Wheelock Properties (Singapore) Ltd., which sent the stock to its highest level in more than eight years, has stoked speculation of more buyouts in the industry.

Hong Kong-listed Wheelock & Co. proposed Thursday to buy the remaining shares of its Singapore unit for $2.10 apiece, a 21% premium from its closing price on July 13.

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