Sector's boom era has ended with a dramatic bust: governments are working on development models to make sure next cycle wreaks less damage

Article Abstract:

Asia's real estate industry is setting itself up for some structural reforms to ensure the viability of the industry. A number of governments are mulling the institution of a number of real estate security measures, including the operation of real estate investment trusts, mortgage corporations and opening up the real estate market to foreign investors to assure the potential of the property market. One outstanding effort is Hong Kong Mortgage Corp.'s plan to institute fixed-rate mortgages which can help home buyers in terms of payment planning and expenditures.

Government regulation, Asia, Safety and security measures

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Deflating a property bubble, nation-state exhales slowly

Article Abstract:

The Singapore government's measures aimed at limiting unjustified increases in property prices may have helped avert a recession in the real-estate sector as well as the financial debacles now being experienced by its Southeast Asian neighbors. The government's measures, implemented in 1996 following a sharp rise in property prices, levied heavy taxes on real estate sales while also tightening property lending. Meanwhile, the government also raised the supply of new residences by selling land to real estate developers.

Economic Programs, Administration of Economic Programs, Prices and rates, Singapore, Economic policy, Real property

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Developers squeezed as economies strain

Article Abstract:

The real estate markets of Thailand, the Philippines and Indonesia are expected to be further squeezed by the countries slower economic growth and financial instability. The unrealistically-high prices of real estate properties in the three countries also drivers potential investors away from their real estate markets. Local investors and real estate developers, on the other hand, are being hurt by tight bank credit.

Net Foreign Investment, Corporate Bank Loans, Analysis, Foreign investments, Thailand, Indonesia, Philippines, Bank loans

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