Homepage / Asia / MAS: Singapore property cooling measures remain necessary
Kiçik təyyarə oyunu 1xBet 1xbet Aviator gam The way to select a Data Bedroom Service Bewertungen zu Vulkanvegas Lesen Sie Kundenbewertungen zu vulkanvegas com 3 von 5 小柳商事株式会 Mostbet Türkiye mobil uygulamasını indi Participate in A European Romance Website & Meet The Match What to anticipate in VDR Providers paribahis 717 Best Country To get yourself a Wife: Asia, Europe & Latin America Technology and Asylum Procedures Business Process and Digitalization How to begin Your Blog With no Investment Software For Modern Business Setting Up the Electronic Data Areas Greatest On-line Relationship Websites & Apps: Comparison Legal Support and Advice Intended for Small Businesses The very best Virtual VDR Providers 9 Tips for Working With Teams in Different Timezones Australian Brides Deliver Order Birdes-to-be From Quotes Korean Brides -mail Order Brides From Southern Korea Choosing a Data Place Antivirus Solutions — What to Look For within a Good Anti-virus Solution Best Alternatives of VPN Software New Step by Step Roadmap for Marijuana News Mail-order Bride Wikipedia Relationship With A Russian Mail Order Bride: Can It Develop Suitable Family? Steve Munger: These Primary Guidelines Made Me Effective In Life With Warren Buffett, Thought about All Three Guide To Choosing The Right Mailbox Order Star of the event Web Site In 2023 Few Wins $3 Million In Pennsylvania Lotto Scratcher, Strategies Trip Privately owned Internet Access Avast Review Powerful Deal Achievement Top Rated Free VPN Services Adaware Review – Is Adaware Review Right For You? Large 15 Best Countries To find a Spouse In 2023 Online dating services Reviews Ideal Legit Snail mail Order Bride-to-be Sites To Decide On In 2023 & Feedback Thailänder Brides Pleasant Thai Mailbox Order Wedding brides To Marry Thailänder Brides Get A Thailand Deliver Order Bride The principal Expenses Ukrainian Mail Order Spouse Cost Includes The Nations Just where Girls Have One Of The Best Lives, In Chart Partner Of Ukraines Spy Fundamental Was Poisoned, Officers Say The Model Ny Occasions New Restaurants And Pop-ups To Try In L A This 12 Los Angeles Situations Ways to Discover United states Marriage Details Romancescout: Your Information To On-line Relationship Evaluations, Recommendations Tes Ship Order Bride-to-be Discover A Overseas Spouse Across the internet Free With Jetbride Com Powerful Interracial Marriages Exquisite Interracial Lovers Exactly what the Best Online dating Websites? Very best Dating Web page Reviews – Find Your web Soul Mate Ways to Create Online dating sites Profiles Long Relationship Suggestions Long Relationship Suggestions How to begin a Successful Wife Search Getting married to a Russian Child The right way to Meet Delightful Ladies Around the World To recognize Know About Ukrainian Single Girls Dating The Different Types of Sugar Daddies The key benefits of Dating a Latina Top 5 International Dating Sites Russian Women Seeking Men Overseas Cookware Interracial Lovers and the Backlash Against All of them Getting the Marriage License and Wedding ceremony Done Correct How to pick the Best Web based Marriage Company Flirting Tips For Timid People Delightful Interracial Lovers Crucial Russian Females Dating Suggestions for Men Steps to create the Most of Dating An individual From Another Country Web based Top five Romantic Honeymoon Destinations Just what Soulmate? Web based Relationships Suggestions The Challenges of Dating An individual From A further Country Setting Expectations just for Online Sugar Daddy Arrangements Marital relationship License and Ceremony Why Are Latinas Heated? Getting Foreign Bride-to-be Tips on how to Propose — What’s the Best Way to Say “I Do”? Is usually Your Long Distance Marriage Moving Too quickly? Dating Etiquette — The Modern Rules of Seeing A Quick Guide to the Use of NLP in Chatbots Building Trust in Human relationships Les mariages interracials les plus réussis sont ceux basés sur l’amour & le respect Browsing through Cultural Differences in Asian Human relationships How you can Have a cheerful Marriage The right way to Fix a Relationship With out Hurting Your companion How to Spice Up a lengthy Distance Relationship The main advantages of Online Dating What is the Best Female Race to Marry? Western european Women Stereotypes Why Asian Girls Like Bright white Guys How to Succeed in On the web Relationships Top 5 Online Connections Tips Top 5 Online Connections Tips Leading Countries With Best Foreign Brides Powerful Interracial Relationships Asian Wedding Icon Meanings Where to Find a Deliver Order Star of the wedding Wedding ceremony Traditions in Ukraine For what reason Asian Girls Like Light Guys Asian Brides Via the internet Tips on how to Propose – What’s the simplest way to Say “I Do”?

Asia

MAS: Singapore property cooling measures remain necessary

Singapore’s property cooling measures, which have dampened residential sales and prices since their introduction in 2009, remain necessary, the city-state’s central bank said on Thursday.

“Our key property market measures remain necessary for a stable and sustainable residential property market and to encourage household financial prudence,” the central bank, the Monetary Authority of Singapore (MAS), said in its annual report published on Thursday.

The government had appeared to be taking a more sanguine view of the need for cooling measures, scaling back some of the curbs in March, including lowering the seller’s stamp duty and shortening the minimum holding period to avoid it.

But Ravi Menon, managing director of MAS, discouraged the idea that the government was relenting on the measures, which investors have criticized.

“The calibrated adjustments by the government earlier this year do not signal the start of an unwinding of the property cooling measures, as some commentators have suggested,” Menon said in prepared comments on Thursday.

Menon added that with many countries tightening their property cooling measures, it would send a “very wrong signal” if Singapore were to ease its measures.

While the MAS noted that the property market was continuing to moderate, with prices gradually falling, it pointed to rising transaction figures in 2016 and the first quarter of this year, compared with 2015.

Developers sold 2,962 units in the first quarter, excluding executive condominiums, which are a unique hybrid of public and private housing for Singaporeans with incomes exceeding public housing limits.

That was the highest take-up rate since 2013 and was up nearly 28 percent from 2,316 units sold in the fourth quarter, while there were 2,170 resale transactions in the first quarter, up nearly 12 percent from 1,944 in the fourth quarter, government data showed.

Mortgage loan applications climbed 20 percent in the first quarter of this year from the previous quarter, according to data from the Credit Bureau Singapore this week.

“The property market has substantially stabilized over the last three years,” Menon said, but he added, “The risk of a renewed unsustainable surge in property prices is not trivial.”

The city-state’s housing prices surged more than 60 percent from 2009 through 2013, propelled by rock-bottom global interest rates and quantitative easing in developed economies, even as the government enacted a series of cooling measures to prevent a bubble from forming.

The measures, including an Additional Buyer’s Stamp Duty which could add as much as an additional 15 percent to the price, appeared to have eventually met with some success, with the property price index falling around 11 percent from the peak in the third quarter of 2013 through the end of 2016, according to data from Deutsche Bank in January.

Singapore residential property prices rose 0.4 percent on-month in May, according to the flash NUS Singapore Residential Price Index, which tracks the non-landed private residential market. That was after falling 0.8 percent on-month in April, the revised data showed.

Follow CNBC International on Twitter and Facebook.

Source: cnbc china
MAS: Singapore property cooling measures remain necessary

Comments are closed.