SINGAPORE, March 10 — Singapore shares rose nearly one per cent today, led by real-estate stocks after the city-state lowered stamp duties on sale of residential properties, while most other regional markets fell as they braced for a US rate hike as early as next week.

Singapore cut stamp duties that sellers are required to pay on residential properties and eased some rules on borrowing thresholds, in an effort to relax property curbs imposed since 2009 to rein in the market.

The Straits Times Index recovered from early fall and gained as much as 0.9 per cent after the news.

CapitaLand Ltd and City Developments Ltd rose as much as 6.2 per cent and 10.20 per cent, respectively, to their highest levels since May 2015.

Broader Asian markets edged up, with MSCI's broadest index of Asia-Pacific shares outside Japan rising 0.2 per cent, but sentiment in South-east Asia remained largely subdued.

The US employment data due later in the day, are drawing particular interest as any improvement would underline US economic strength, paving way for more interest rate hikes this year.

"Fed hike next week is already a certainty. It would probably require a disastrous miss in payrolls to change the market's mind,” DBS Group Research said in a note.

"The more interesting aspects lie with the guidance the Fed is likely to give next week.”

A Reuters poll showed the Fed will raise interest rates next week, with two more hikes likely to follow later this year.

Philippines shares and Thai stocks lost about 0.5 per cent each, with financials losing the most.

BDO Unibank Inc shed 2.4 per cent and Metropolitan Bank and Trust Co fell two per cent.

In Thailand, Group Lease PCL lost 28.5 per cent.

Indonesian shares lost 0.34 per cent, while the index of the 45 most liquid stocks fell 0.5 per cent. — Reuters