Asian banks seek to rein in property prices

Financial Times, 6 Oct 2009
Asian central banks and regulators are moving to curb rising property prices, in a sign they have adopted a more aggressive stance on pre-empting asset bubbles.
Singapore and South Korea in the past month have tightened rules governing loans to the property sector and Indian media report that the country may soon follow suit. China and Hong Kong have also warned banks to avoid imprudent lending to homebuyers.
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