Analysts won't read too much into the fourth-quarter results of Singapore's property developers because of distortions caused by changes to when the firms can book profits from overseas and certain local projects under new financial reporting standards.
Investors will instead focus more on the developers' responses to macroeconomic and policy risks amid a gloomier outlook for 2012, weighed by concerns over slowing growth and the impact of fresh interventions by the city-state's government in early December to take even more heat out of the booming property market. Full story