, the nation's largest developer, fell as much as 12 percent to S$2.53 and traded at S$2.62 as of 9:20 a.m., taking its 2008 drop to 58 percent. Keppel Land Ltd., the third biggest, lost as much as 10 percent to S$1.80. Goldman cut its share-price estimates for the companies by 37 percent and 46 percent, respectively