China’s property bubble: is it starting to deflate?

INSEAD Knowledge, 7 Apr 2010
“The government has to be very aware that because of this discrepancy of all the higher-end properties and the fact that there are so many people that can't afford them, they need to close that gap and provide more affordable housing for the citizens, maybe some sort of subsidy programmes even similar to what they do here in Singapore,” says Hunt.
“There’s this huge gap between the high end and what the rest of the country can afford; and that kind of rapid increase in prices, it just can’t continue.” Full Story