Property cooling measures to remain: MAS

THE Monetary Authority of Singapore (MAS) said on Monday property cooling measures will remain.

"It is not time yet to ease the property cooling measures," said MAS managing director Ravi Menon at a press briefing. "There is still some way to go, to entrench the gains in stabilising the property market and restoring household debt sustainability."

Property prices had surged 60 per cent between 2009 and 2013, when nominal incomes had increased by only 30 per cent during the same period.