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Cooling measures stay amid risk of spillover property demand
Property cooling measures remain “necessary” as there is a risk of pent-up demand spilling into Singapore if it eases rules now while other countries are tightening regulations on property investments. Managing director of the Monetary Authority of Singapore (MAS) Ravi Menon said on Thursday that countries including China, Hong Kong, South Korea, and New Zealand have tightened prudential requirements such as housing loan-to-value ratios and debt servicing ratios. In Australia, New South Wales will be doubling the stamp duty surcharges for foreign investors.
http://www.businesstimes.com.sg/government-economy/cooling-measures-stay-amid-risk-of-spillover-property-demand
http://www.straitstimes.com/business/economy/no-unwinding-of-property-cooling-measures-mas?login=true
http://www.straitstimes.com/business/economy/easing-property-cooling-measures-now-would-send-wrong-signal-says-mas
http://www.channelnewsasia.com/news/singapore/not-time-yet-to-ease-property-cooling-measures-mas-chief-ravi-8987790