SINGAPORE (Dec 1): The Monetary Authority of Singapore has warned bankers, developers and potential property buyers to tread carefully amid a rapidly growing supply of new residential properties, soft rents, rising interest rates and slower population growth.

See: MAS warns property buyers against weak rental market and interest rate hikes

Private residential property prices have fallen a cumulative 11% since 3Q2013. They increased 0.7% in 3Q2017, but this came after 15 consecutive quarters of declines. Yet, property developers are anticipating a strong recovery in demand in the years ahead, and they have sought to replenish their landbanks through collective sale deals.

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