The government unveiled a spate of proprty cooling measures yesterday. It hit the Banks and Property counters. As I owned both DBS and Capitalland in my portfolio, I have also taken a hit.
But I am happy with the measures. With significant exposure to DBS, the last thing I want to see in SIngapore is a property bubble eventually wrecking the banks. If you look at Ireland or Spain, you see how bad that can be.
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