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Friday, February 28, 2014

STI ends high for the month of Feb

Singapore shares ended at a high with the Straits Times Index hitting 3 090.3 points, keeping the level on track by gaining a rise of 2.1 %. This is its biggest gain since last September.

Meanwhile, new private home sales remained low in January since the implementation of the total debt servicing ratio (TDSR) framework last year. This has caused developers to hold back launches and lending restrictions curbed demand.

Let's just hope for all the remediation and adjustment to fall in place as discussed from Budget 2014 for better economic progress in 2014.
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