Monetary Authority of Singapore (MAS) in its annual Financial Stability Review released today:
- Some highly leveraged households in Singapore may be vulnerable if interest rates rise or the economy slows
- MAS will take more steps if needed to keep household debt at manageable levels
- Says Singapore’s household balance sheets remained healthy overall – total household net wealth now at roughly four times the country’s GDP
- Will continue to monitor the property sector and take appropriate steps to maintain a stable and sustainable market
- Private property prices remained at an “elevated” level even though they have moderated
via Reuters
