MAS keeps close watch on property market after cooling measures

Submitted By:  Luz Wendy Noble Case Study:  No It will take at least two to three quarters to understand its full implications. Bloomberg reported that the Monetary Authority of Singapore (MAS) is keeping a ‘close eye’ on the property market after the cooling measures were rolled out in July to calm down the market, MAS managing director Ravi Menon said in an interview, saying that it’s too early to tell the implications of the property curbs. "It will take at least two to three quarters for the full implications to be understood,” Menon explained. read more