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Real Estate Briefing - Categorized | Finance, Market Moves more

‘Day of reckoning’ looms for Asia’s priciest property markets

Posted on 22 November 2012

Weak economic growth, oversupply and measures to keep a lid on house prices suggest that Asia’s priciest property markets, Singapore and Hong Kong, now face a ‘day of reckoning’ after several years of robust gains, Nomura analysts warn.
Singapore property prices surged 50 percent between 2007 and 2011, driven partly by foreign buying. While developers reacted to the rise by ramping up homebuilding, the market now faces oversupply……………………………………….Full Article: Source


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