Post-cooling measures, property prices 'closer to fundamentals'
Foreigners' purchases found to have largest impact on growth of home prices, with 'economically significant' effects
Add BT as a preferred source
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) said in its annual Financial Stability Review (FSR) on Thursday.
In 2018, the Additional Buyer's Stamp Duty rates were adjusted. The regulator also tightened loan-to-value limits for residential property purchases. These have helped to bring property market prices "closer to fundamentals", MAS said.
TRENDING NOW
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Japan’s Asics to spin off popular Onitsuka Tiger sneaker business; shares rise
CDL, Hong Realty trump 3 other bidders with S$542.4 million offer at S$1,865 psf ppr for Peck Hay plot
The returnees: Inside China’s AI talent reversal
