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.