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Measures to cool Asian property prices ‘may not work’
December 10, 2009
The surge in Asian property prices has been driven by excess liquidity and government tightening measures may prove ineffective, argues associate economist Alaistair Chan of Moody’s Economy.com.
Asian regulators are becoming increasingly worried about the surge in property prices, although cooling measures are far from certain to turn that around, say market analysts.
Property prices in many Asian nations crashed at the end of last year but...
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