MAS: too early to ease property cooling measures

THE Monetary Authority of Singapore said it is too early to ease property cooling measures as prices remain high.

Risk factors have not changed, said Ravi Menon, MAS managing director, speaking at the MAS annual report 2013/2014 press conference.

Property prices remain at elevated levels although they have started to soften, he said.

Prices went up 60 per cent over the last four years but have declined by just 3.3 per cent over the last three quarters, he said.

http://www.businesstimes.com.sg/breaking-news/singapore/too-early-ease-singapore-property-cooling-measures-mas-20140724

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