Economics
Singapore to Keep Property Curbs for Now as Sell-Off Risk Remote
- Monetary authority is closely watching home property market
- Preventing bubble is better than deflating one, MAS chief says
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Singapore’s central bank signaled that it will maintain measures to cool residential property prices for now in the absence of any signs of a market slump.
“We’ve not seen any impending risk of a sharp sell-off,” Monetary Authority of Singapore Managing Director Ravi Menon said Thursday. “At this point I don’t see why there is a need to shift gears significantly in any way.”