22 Jul '14, 3am

Property curbs contribute to inflation expectations #PR

Property curbs contribute to inflation expectations #PR

Assistant Professor Aurobindo Ghosh, Co-creator and Director of the SInDEx Project at SMU's Sim Kee Boon Institute for Financial Economics (SKBI), said, “Property prices in Singapore have reacted to curbs in debt servicing ratios, and slight temporary increase in vehicle quota have dampened car prices. We see this reflected in the moderation of overall inflation expectations.” However, he noted that the Monetary Authority of Singapore (MAS) recently “projected that there is an upward pressure on the Singapore core inflation without accommodation and private transportation, possibly from the tight labour market and other pass-through costs.” Originally developed by SKBI in partnership with MasterCard, the SInDEx is based on an online survey of about 400 randomly selected individuals who represent a cross-section of Singapore households.

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

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