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MAS FINANCIAL STABILITY REVIEW

Post-cooling measures, property prices 'closer to fundamentals'

Foreigners' purchases found to have largest impact on growth of home prices, with 'economically significant' effects

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Visitors at the launch of Sengkang Grand Residences in early November. The report showed that a boom in residential property prices could have whetted the appetite of foreigners and corporate investors for the domestic property market.

Singapore

EVEN amid the accommodative financial conditions today, price movements of properties have moderated in the quarters since July 2018 - when further cooling measures were put in place - and remained "modest" in Q2 and Q3 of this year, the Monetary Authority of Singapore (MAS)...

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