29 Jun '17, 4am

MAS: Singapore property cooling measures remain necessary

Singapore's property cooling measures, which have dampened residential sales and prices since their introduction in 2009, remain necessary, the city-state's central bank said on Thursday. "Our key property market measures remain necessary for a stable and sustainable residential property market and to encourage household financial prudence," the central bank, the Monetary Authority of Singapore (MAS), said in its annual report published on Thursday . The government had appeared to be taking a more sanguine view of the need for cooling measures, scaling back some of the curbs in March, including lowering the seller's stamp duty and shortening the minimum holding period to avoid it. But Ravi Menon, managing director of MAS, discouraged the idea that the government was relenting on the measures, which investors have criticized. "The calibrated adjustments by the government ea...

Full article: http://www.cnbc.com/2017/06/29/mas-singapore-property-coo...

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  1. 30 Jun '17, 3am

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