17-10-2021, 02:50 PM
You would think that the US housing bubble and financial crisis was such a historic event every country would step ip and de-risk their economy from a housing bubble.
In Asia we see problems emerging in China ...and in a few or next few yrs months S.korea
Whether one likes or dislike the pap the steps they took in 2014 & 2017 to stop the real estate bubble which included extremely high stamp duties and all sorts of restrictions has slowed the bubble in Singapore. Also the Singapore govt refused the demands of REDAS to lift restrictions something that would have boosted market in the short term.
The mess in China from Evergrande and the looming debt crisis in S.Korea is a lesson for us to stay vigilant against the tendency for bubbles to form around various assets.
In Asia we see problems emerging in China ...and in a few or next few yrs months S.korea
Whether one likes or dislike the pap the steps they took in 2014 & 2017 to stop the real estate bubble which included extremely high stamp duties and all sorts of restrictions has slowed the bubble in Singapore. Also the Singapore govt refused the demands of REDAS to lift restrictions something that would have boosted market in the short term.
The mess in China from Evergrande and the looming debt crisis in S.Korea is a lesson for us to stay vigilant against the tendency for bubbles to form around various assets.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.