11 Jul '18, 1am

Property market’s “over-exuberance” warrants discretion https://t.co/m5Mz3mJWgY

Bidding for land plots have been fervent and this has inherently led to increases in property prices and sales volume. The Monetary Authority of Singapore (MAS) has warned against over-estimating the pace of recovery. Amoy Street 15. Picture: iProperty Buyers, developers and banks all advised to be wary of over-exuberant market MAS director Ravi Menon has said in a recent briefing that developers, buyers and banks should all exercise caution when making land bids, property purchases and managing home loans. For developers, his advice is to be more cautious when making land bids. Previous months have seen some developers or consortium of developers paying high prices for massive land plots . Higher land bids will also mean higher selling prices and when new projects are launched on these sites, a considerable number of units will flood the market, possibly tipping the suppl...

Full article: https://www.iproperty.com.sg/news/property-markets-over-e...

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