04 Jul '17, 1am

NEWS FEED

The Monetary Authority of Singapore on Thursday (29 June) said the property cooling measures remain necessary given that the underlying demand for private residential properties continue to be firm amid a persistently low interest rate environment and foreign investors looking for good yields, reported Today Online. MAS managing director Ravi Menon revealed that private home prices dropped by almost 12 percent during the last 14 quarters after increasing by nearly 60 percent over 17 quarters. But with recent property launches registering good take-ups, he noted that transactions jumped by almost 40 percent in Q1 2017 from the average quarterly transactions since the Total Debt Servicing Ratio (TDSR) was rolled out in 2013. As such, he believes that “easing the measures now would send a wrong signal”. “The risk of a renewed unsustainable surge in property prices is not triv...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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