Best that property investors in Asia can hope for is a soft landing
Australia may yet be able to prevent a housing collapse but Hong Kong has failed to contain speculative fervour
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Singapore
REAL estate in Singapore just finished a second ho-hum year, with home prices down 3.7 per cent from 2014. But investors only need to look at the gravity-defying markets to their north and south - Hong Kong and Sydney - to better appreciate the risk that they may have been spared. At least until now.
Property prices in all three urban centres saw a massive surge as Western central banks printed cheap money and Chinese home buyers embarked on a global hunt for assets. Singapore, however, effectively warded off the threat of a crash by aggressively taxing home purchases by foreigners and squeezing the supply of mortgage loans.
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