Economics
Singapore Central Bank Keeping Close Watch on Property Market
- Recent property curbs decided with economic risks in view
- 2-3 quarters for full implications of curbs to be seen: MAS
The Monetary Authority of Singapore.
Photographer: Bryan van der Beek/BloombergThis article is for subscribers only.
Singapore’s central bank is keeping a close eye on the property market after the city-state took a "decisive set of measures" three months ago to cool things down.
"It’s too early to tell what the implications from the last round of tightening measures are," Ravi Menon, managing director at the Monetary Authority of Singapore, said in an interview Tuesday. "It will take at least two to three quarters for the full implications to be understood. So we are watching that closely."