30 Nov '17, 12pm

MAS warns of ‘excessive exuberance’ in property market: 3 key questions https://t.co/hRzZOaLU9F

SINGAPORE: The recent wave of collective sales and an increase in land prices prompted the Monetary Authority of Singapore (MAS) to sound a note of caution on the local property market on Thursday (Nov 30). In its latest annual review of financial stability, the central bank said that these recent developments could bring about risks to the “sustainable conditions” in the market. Industry observers said the warning from MAS follows a similar call for prudence from National Development Minister Lawrence Wong earlier this month. It also comes on the back of new rule changes, such as the requirement of a traffic impact study for en bloc redevelopments announced on Nov 13 – a sign that some analysts interpreted as authorities beginning to cast a watchful eye on the collective-sale fever. Q: WHAT ARE THE MAIN CONCERNS? Advertisement Advertisement MAS’ concerns stem from the sig...

Full article: http://www.channelnewsasia.com/news/singapore/mas-warns-o...

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