MAS Warns That Property Market Could Crash Due To Thousands of Unsold Condo Units. Sa

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MAS Warns That Property Market Could Crash Due To Thousands of Unsold Condo Units. Sa

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28-11-2019, 08:30 PM

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MAS Warns That Property Market Could Crash Due To Thousands of Unsold Condo Units. Sa

An honorable member of the Coffee Shop Has Just Posted the Following:

SINGAPORE: Singapore's property market faces “potential downside risks” from a large supply of unsold units in the medium term and an uncertain economy, said the Monetary Authority of Singapore (MAS) on Thursday (Nov 28).

In its annual Financial Stability Review, the central bank urged prospective buyers, especially households that are highly-leveraged, to be mindful of risks and remain prudent.

Property firms that have built up high levels of leverage and hold large...

MAS Warns That Property Market Could Crash Due To Thousands of Unsold Condo Units. Samsters Got Any Advice For Condo Landlords Like John Tan?

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