You are here

S'pore developers post worst showing on STI

Property stocks may further languish next year after the govt took measures to cool prices
Tuesday, December 31, 2013 - 06:00
BT_20131231_PROPERTY31_895400.jpg
CDL's Echelon: The Singapore property index, which tracks 50 developers in the city, slid 10 per cent this year, after surging 48 per cent last year. - FILE PHOTO

[SINGAPORE] Singapore's developers posted the worst performance on the benchmark Straits Times Index this year after recording the biggest gains in 2012 as property curbs drove home sales lower and slowed price gains. Property stocks in Singapore, ranked the most-expensive city to buy a luxury