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Asia monitors property prices to avoid bubble.
Thursday, 10th December 2009
Source : HVS International
Markets in Asia such as Singapore, China and Malaysia have witnessed the rise of property prices in the last few months and there have been fears that this might adversely impact recovering markets.

As such, the Singapore authorities have acted by implementing measures including releasing more land for development and removing deferred payment schemes.

In China, its central bank recently advised that the authorities should halt some of its real estate stimulus policies as real estate investments have grown by 19% in the first ten months of 2009.

www.hvs.com

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