During the year to end Q3 2011, many countries in Asia faced the increase in rates of property. Although, it is less strong than the last years, next the government plans to control the heat of their particular housing markets. Going with the reports available to the www.propertykhazana.com , In Hong Kong the residence rates were up to 12.07% yearly and a hike of 19.30% in the last year, in Malaysia the residence rates were up to 3.15% after the hike of 5.76% during the similar period in pervious year and in Singapore rates are up to 2.73% yearly and there was huge drop from last year’s 18.96%. During the recent quarter residence rates were dropped down by 7.02% in Taiwan where it was up to 0.46% after the hike of 6.97% at the same period last year.
still the housing markets in South Korea and in Philippines (Makati CBD) has enhanced from the year before with the rate increase of 1.55% and 0.89%, correspondingly. In Tokyo (Japan) and in Shanghai (China) the housing markets has been failing unfortunately since the Q1 2011 and in the year to end Q3 2011 and the residence rates are dropped down by 1.99% and by 4.16%, correspondingly. The residence rates rejection has been reported across the China representing the achievement of the government actions during the pervious year. Country’s housing rates has been blamed because for the social worries and for other financial problems which is skyrocketing in the market rates.
Source: NIMMA BENGALURU
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