03.10.2012 - Singapore faces balancing act as home prices climb
Home prices in this city-state have kept surging almost without interruption since the global financial crisis, even as residential real estate in many big global markets—including major U.S. cities—has continued to drag. Now, some experts are starting to wonder how long Singapore's residential high-wire act can go on. In many ways, the market still looks solid. Singapore remains one of Asia's most dynamic economies, although its growth rate is falling, and low interest rates are likely to persist for some time following recent stimulus steps by the world's major central banks...............................................Full Article: Source
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