17.12.2010 - Taiwan wrestles with burgeoning housing bubble
From WSJ: Shanghai, Beijing and Hong Kong arenít the only cities in the greater China region contending with politically problematic property bubbles. Housing prices are becoming a headache for authorities in Taipei, as well. While property prices on the rest of the island are fairly manageable, prices in Taipei and surrounds have taken off, with home prices rising 9.13% on-year in the second quarter of the year. The average home price is now more than 11 times the annual household income of an average person..............................................Full Article: Source
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