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Hot stocks: Property plays dip amid latest cooling measures

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Michelle Zhu

Michelle Zhu

Published Fri, Sep 30, 2022 · 12:01 PM
    • Noting that developers have historically reacted to such government measures, DBS Group Research was expecting a “knee jerk reaction” to their share prices, but said such a response was unlikely to last.
    • Noting that developers have historically reacted to such government measures, DBS Group Research was expecting a “knee jerk reaction” to their share prices, but said such a response was unlikely to last. PHOTO: BT FILE

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    SEVERAL property-related stocks took a hit on Friday (Sep 30) as the new measures to tighten limits on housing loans took effect. 

    Real estate agency PropNex closed 2.6 per cent or S$0.04 lower at S$1.50. Earlier, at 9.05 am, the counter had plunged as much as S$0.05, or 3.2 per cent, to hit an all-year low of S$1.49. Apac Realty ended Friday down 1.7 per cent or S$0.01 at S$0.59.

    Some developers were also in the red.

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    Hot StockSingapore propertyReal estateHousingProperty developers

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