JAKARTA (Yosefardi) – Investors continued selling shares of property developers this morning, extending yesterday’s substantial drops, on concern over government’s plan to aggressively investigate tax payment of property companies.
At 10.10 am Jakarta time, Lippo Karawaci dropped 3.36%, Alam Sutera fell 1.6%, Bumi Serpong Damai lost 2%, and Cupitra Develoment slipped 0.9%.
While Modernland Realty gained 1.49% and Intiland rose 2.9%.