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Singapore not relaxing property cooling measures soon, says MAS chief

Ravi Menon dashes any hopes of curbs being lifted; says time needed for measures to work their way through

Tay Peck Gek

Published Thu, Jun 27, 2019 · 09:50 PM

Singapore

IF REAL ESTATE developers and property buyers here are pinning hopes on the government relaxing the cooling measures soon, they can kill that thought.

Monetary Authority of Singapore (MAS) managing director Ravi Menon said on Thursday that it takes time to allow the measures to work their way through since they were implemented only a year ago.

Last year, the …