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