Private home prices up 9.1%

Housing loans climbed 34% YoY.

Private home prices grew 9.1% following the deep in Q2 2017 whilst property transactions rose 25% YoY, Monetary Authority of Singapore managing director Ravi Menon revealed. Following this, housing loans over the last twelve months climbed 34% YoY.

“If property prices rise too rapidly, they will outpace the growth in income,” Menon commented. He added that households will have to take on more leverage than they are able to manage as the risk will grow due to rising interest rates.

Menon said that MAS, together with the Ministry of National Development and the Ministry of will continue to monitor the developments in the residential property market to ensure sustainability.

We are reminded that the Government stand ready make policy and regulatory changes in order to ensure a sustainable property market over the longer term.” ERA key executive officer Eugene Lim said.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia