SINGAPORE (March 13): A surprise letup of property cooling measures – albeit minor and targeted tweaks – on Friday sent property developer stocks soaring to the highest in more than 20 months. But analysts believe that while the move is largely positive and buying sentiment can be expected to lift slightly, the impact on the property market is likely to gradual. RHB is keeping its “neutral” stance on the Singapore property sector. On the other hand, DBS Group Research sees this as a sign of more easing of property cooling measures to come. “This move confirms expectations that the government is ready to act pre-emptively to stabilise the property market.”

Source: The Edge Markets March 13, 2017 06:11 UTC