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Economy

Singapore home prices moderated after curbs, central bank says

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That should contribute to stronger household balance sheets over the medium term.

Sunday 25, November 2018

(Bloomberg)--Singapore’s recent property market cooling measures have moderated the pace of home-price rises and subdued transaction activity, the nation’s central bank said. That should contribute to stronger household balance sheets over the medium term.

Aggressive land bids have declined after the July curbs, which should benefit the long-term stability of the property sector and encourage prudence among real estate firms, the Monetary Authority of Singapore said in its annual financial stability review Friday.

TAGS : Monetary Authority of Singapore , home prices

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