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Property market not overheated now, but MAS stays ‘highly vigilant’

Jeffrey Tan
Jeffrey Tan6/30/2021 07:08 PM GMT+08  • 1 min read
Property market not overheated now, but MAS stays ‘highly vigilant’
“Because if it's overheated, we have not done our job well,” says Menon.
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The Singapore property market is not overheated right now, according to Ravi Menon, managing director of the Monetary Authority of Singapore (MAS).

“Because if it's overheated, we have not done our job well,” he says at a June 30 media briefing in conjunction with the release of the central bank’s 2020/21 annual report.

According to Menon, the property market has been “remarkably resilient” in the face of Covid-19 and recession last year, as well as the continued uncertainty arising from the ongoing pandemic.

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