Singapore shares were little changed, as investors were
concerned about a possible debt default by Cyprus and
deteriorating economic activity in the euro zone.
Both the Straits Times Index and the MSCI index of
Asia-Pacific shares outside Japan were flat.
Property developer CapitaLand Ltd outperformed the
market and is the most actively traded stock by value on Friday.
Shares jumped as much as 2 percent to a one-week high of S$3.57.
"Based on buyers' response to the new launches in March so
far, it appears the latest measures have yet to dampen buyers'
interest in the pre-sale market," Nomura said in a report.
However, Nomura warned investors that it is not a time to be
"There is scope for more policy changes, given the pre-sale
market is still relatively robust," Nomura said. "We expect
secondary transaction volume to remain relatively low."
Its top pick among the developers is CapitaMalls Asia Ltd
, while it remain cautious on City Developments Ltd
1245 (0445 GMT)
(Reporting by Teo Jion Chun; Editing by Sunil