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Hiap Hoe, Heeton post Q4 profit falls

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Published Fri, Feb 21, 2014 · 10:00 PM

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Singapore

TWO listed property companies yesterday signalled caution over the Singapore property market amid weaker fourth-quarter results, and have indicated more expansion opportunities overseas.

In a statement to announce its quarterly earnings, Hiap Hoe said that the group expects Singapore's real estate market to remain soft. It will also continue its expansion into Australia, following its recent acquisition of an investment property in Perth.

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