Real Estate
Singapore’s Central Bank Sees Property Market in ‘Good Place’
Rents for private apartments and public housing surged about 27% and 25% respectively in May from a year earlier, with Singapore leading the world for the fastest pace of rental growth for luxury properties.
Photographer: Ore Huiying/BloombergThis article is for subscribers only.
Singapore’s residential property market is in a “reasonably good place,” according to the nation’s central bank.
There are signs that prices have moderated and are stabilizing, Ravi Menon, managing director of the Monetary Authority of Singapore, said at a briefing Wednesday, following the release of MAS’s annual report.