Singapore and Hong Kong housing faces ‘double whammy’, 19 Feb 2014
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.
"In both of these markets, you've got significant increases in supply coming on stream over the next couple of years. That supply is probably going to come on line just as interest rates start rising," he added. "So you're going to have a double whammy effect." Full story
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