News Headline Summary

Fitch says Singapore property-cooling measures curb risks for banks

- Sees no weakening of Singapore banking sector.

Update details:

- The authorities have supplemented a higher tax on residential property purchases for foreigners and companies with the introduction of a sellers's tax on industrial property.
- These measures are part of a continuing policy response to the threat of a potential property bubble.

Print 03:25, 15 Jan 2013 - Asian News - Source: Newswires