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Singapore Researchers Walk Back Developer Insider Trading Claim

General Scenes Of Singapore As Housing Slump Continues
Photographer: SeongJoon Cho/Bloomberg

Researchers from the National University of Singapore Business School, who released a study earlier this month that claimed insider trading among some developers during games of golf led to cheaper land prices, have retracted the assertion.

The study’s authors now say they couldn’t find evidence such activity took place and have removed the term from their paper.