Property market 'more sober' after cooling measures; no need to shift gears significantly: MAS

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SINGAPORE: Following the introduction of cooling measures last year, Singapore’s property market is now 'more sober' with early signs of slower ...

on residential property purchases.

Citing the 9 per cent surge in private residential prices between the third quarter of 2017 and the second quarter of 2018, he said there was a real possibility that property price increases would once again run ahead of economic fundamentals, as they did in the lead-up to 2013. Bids for land tenders, in both the en-bloc sale and Government Land Sale markets, have also become"sober", said the central bank chief.

Nevertheless, the Government has a role to help ensure that price movements are broadly consistent with economic fundamentals.

 

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