Real estate markets in Asia Pacific are likely to see varying fortunes in the coming months as government policies continue to affect the sector.
That is the verdict from a Knight Frank report, which says that continued government intervention in property markets across Asia has proved effective, as lending restrictions, additional taxes and protection from hot foreign money has led to a quarterly drop in mainstream prices across Malaysia, Taiwan and Singapore.
China is also seeing a continued trend of decreasing housing prices with the government making efforts to manage a soft landing. The last three months’ housing prices in India, where the economy is facing a slump, have also seen a downward trend. The market is expected to continue to soften but if the Chinese economy weakens significantly over the year, as some predict, the government could ease some of its cooling measures to stimulate activity, explained Knight Frank in the report.
That is the verdict from a Knight Frank report, which says that continued government intervention in property markets across Asia has proved effective, as lending restrictions, additional taxes and protection from hot foreign money has led to a quarterly drop in mainstream prices across Malaysia, Taiwan and Singapore.
China is also seeing a continued trend of decreasing housing prices with the government making efforts to manage a soft landing. The last three months’ housing prices in India, where the economy is facing a slump, have also seen a downward trend. The market is expected to continue to soften but if the Chinese economy weakens significantly over the year, as some predict, the government could ease some of its cooling measures to stimulate activity, explained Knight Frank in the report.