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Chart of the Day: Home Price Index of Asian Countries
Moody’s cited Singapore as amongst countries in Asia that are at risk of bursting real estate bubbles.
According to Moody’s the risk of a sharp downturn in property prices in the near future remains relevant, especially in markets that experienced marked price appreciation between 2008 and 2010
A recent study by Moody’ s have shown that residential real estate values have appreciated strongly in several Asian economies, most notably Hong Kong, Singapore, Taiwan and China, since the depth of the global financial crisis in late 2008, and stayed at elevated levels in 2011 .
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