The Business Times
SUBSCRIBERS

S-Reits take post-Budget hit; impact on developers mixed

google-preferred-sourceAdd BT as a preferred source
Vivienne Tay

Vivienne Tay

Published Wed, Feb 15, 2023 · 04:07 PM
    • Commercial Reits take a beating on Wednesday, while property developers and agencies trade mostly lower.
    • Commercial Reits take a beating on Wednesday, while property developers and agencies trade mostly lower. PHOTO: BT FILE

    SINGAPORE-LISTED property-related counters finished in a sea of red on Wednesday (Feb 15), as investors processed the latest Budget moves, including a higher Buyer’s Stamp Duty (BSD) and more housing grants.

    The changes are expected to affect 60 per cent of non-residential properties and may hit harder in the en bloc market as well as impact big-ticket, billion-dollar deals.

    Singapore-listed real estate investment trusts (Reits) and property developers took a beating during the Wednesday trading session, while property agencies were mixed before ending lower.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    S-ReitsHot StockProperty developersSpotlight

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More