Monday, July 30, 2007

Singapore's Straits Times Index Advances, Led by CapitaLand, Developers

(Bloomberg) -- Singapore's stocks rose after the
government said it probably won't intervene in the property
market and CapitaLand Ltd., the country's largest developer,
posted a five-fold surge in second-quarter profit.

Keppel Land Ltd. advanced after it sold a stake in a
downtown office tower to its property trust. SC Global
Developments Ltd. climbed after the builder of luxury homes won a
site in a gated community in Singapore's Sentosa resort island.


Read more at Bloomberg Stocks News

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