Singapore has moved to curb its red-hot property market, hitting the share prices of its major property firms. Shares of CapitaLand fell almost 6%, Keppel Land fell 7.5% and City Developments fell 7.3% in early trading.
Authorities have introduced higher taxes on industrial as well as residential property. Prices have continued to rise despite a weak economy and previous government efforts to bring them down………………………………………..Full Article: Source