PROPERTY counters in Singapore started Thursday (Apr 27) largely in the red after the government stepped up Additional Buyer Stamp Duty (ABSD) rates for residential properties.

After falling S$0.29 or 4 per cent to S$7.03 at the opening bell, City Developments : C09 0% continued its downward trajectory to trade at S$6.88 as at 2.51 pm, down S$0.44 or 6 per cent.

UOL Group : U14 0% lost S$0.38 or 5.3 per cent to hit a low of S$6.81 as at 11.50 am, recovering slightly after the midday break to S$6.89 – down S$0.32 or 5.3 per cent as at 2.51 pm.