Asian property markets face real estate bubble fears

[Nicholas Wallwork]

Rising residential property prices in Asia could lead to mini real estate*bubbles and government stimulus packages may be withdrawn to cool down*markets, it is claimed.

Central banks and finance ministries in several countries including China*and Singapore are discussing how to stop the upward price trend. Hong Kong*is particularly affected as the price of luxury property soars, up 30%*from the peak of 2008.

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