IMF flags 'bubble trouble' in Asia
Many property markets overheating and correction fears loom;Singapore sees big share of new bank lending going into real estate
Business Times, 22 Apr 2010
The International Monetary Fund
warns that residential real estate markets in East Asia are over-heating and that by some measures, valuations are stretched.
n its just-released
lobal Financial Stability report (April 2010),
notes that since thesecond half of 2009, housing prices - especially at the high-end of the market - have reboundedquickly in China, Hong Kong, South Korea, and Singapore as well as Australia and New Zealand.
nmany markets, prices now exceed their 2008 peaks.