GROWING leverage, still high property prices and rising cross-border bank exposure in Singapore warrant close monitoring, the Monetary Authority of Singapore (MAS) said in its annual Financial Stability Review on Thursday.
According to the report by the central bank's Macroeconomic Surveillance Department, corporate debt to gross domestic product (GDP) ratio in Singapore has trended upwards since the Global Financial Crisis, rising to 78 per cent in the second quarter of 2014, from 52 per cent in Q2 2008. Household debt-to-income ratio has also edged up to 2.3 times in 2013, from 1.9 times in 2008.