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New URA guidelines pare property share prices

Impact pales in comparison to battering from July cooling measures; Deutsche Bank says land prices could dip, but future supply shortage may have unintended consequence

Published Thu, Oct 18, 2018 · 09:50 PM

Singapore property

Singapore

MAJOR property stocks traded downwards in late trading on Thursday after new guidelines were announced to cut the maximum number of units allowed in new private flat and condo developments outside the central area from early next year.

The news put further downward pressure on a sector which is already trading 21.52 per cent lower from a year ago.

By the end of Thursday's session, UOL had shed S$0.10 or 1.58 per cent of its value to close at S$6.22…

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