This could mean call to roll back cooling measures premature
THE cooling measures in the property sector have had a clear drag on demand in housing loans, yet private home prices simply have not fallen enough, data from the Monetary Authority of Singapore (MAS) suggested on Thursday.
This likely backs the government's case for keeping the regulations in place - despite calls from the property industry to relax certain measures - particularly as the banking industry appears to be able to handle potential stresses in the market.