24 Jun '13, 12pm

Asian housing markets in full swing (again!)

Jun 24, 2013 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share According to a report by Global Property Guide, housing markets in Asia have remained buoyant in the first quarter of the year in line with the overall boom seen across all global markets. Eight of the nine markets surveyed across the region, noted property price increases during Q1 2013. Globally, the increases across 28 of the 42 markets surveyed, reflect the most significant rate acceleration since the boom years of 2006-2007. “The latest house price figures obviously show that the global housing slump is finally over. House prices are rising in more countries than not, and the momentum trend is clearly upwards,” the report stated. Across Asia, Hong Kong posted the biggest increase and ranked second globally, with a 20.14 percent year-on-year growth in Q1. Aside from the price growth, project c...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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