Singapore, Hong Kong housing faces ‘double whammy’

Property markets in Singapore and Hong Kong have been driven relentlessly higher for years, but now both cities could be facing a double-whammy of higher interest rates and a surge in new supply.

“We saw both of these markets really pushing into what was feared to be bubble territory,” in the wake of the U.S. Federal Reserve’s quantitative easing measures, said Peter Churchouse, publisher of the Asia Hard Assets Report.

See on http://sg.finance.yahoo.com/news/singapore-hong-kong-housing-faces-232241234.html

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