DBS CEO Piyush Gupta said property bubbles are forming in some key Asian cities which may lead to a market correction. He also said concerns over asset bubbles may lead to more Asian governments raising interest rates soon. Mr Gupta was speaking at an event organised by the American Chamber of Commerce in Singapore on Monday. Property prices have been rising across Asia. In Hong Kong, property prices...
Property Bubbles
CONTRARY to what some believe, bubbles can be good for the property market, said the executive director of Hong Kong's Cheung Kong (Holdings). Mr Justin Chiu told reporters yesterday at the showflat of his company's latest project here that he likes property bubbles because they fuel sales volumes and price rises. Mr Chiu - who was moved to dress up as James Bond at launch parties in 2004 to stimulate...
Sales of private homes have dipped to their second lowest level this year in October according to data released by the Urban Redevelopment Authority (URA) this week. While market observers believe that this downward trend was the result of the recent anti-speculative measures introduced by the Government, some analysts are sceptical that the market has started to cool. According to statistics, sales of...