Singapore: Singapore property market closer to bottom than Hong Kong, says fund manager

"SINGAPORE (BLOOMBERG) - Singapore's property market may be closer to a bottom than Hong Kong, according to LaSalle Investment Management, which manages more than US$58 billion in real estate funds. Governments in Asia's two most expensive residential markets have imposed curbs in recent years to tame prices and improve affordability. As demand has dropped amid a slowdown in the region's economies, home prices in both cities are in the midst of a correction." Read more on: www.straitstimes.com
Source : Singapore: Singapore property market closer to bottom than Hong Kong, says fund manager