Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/146513
Title: The risk of property bubbles in Hong Kong and Singapore : another aftershock crisis of the global financial Tsunami?
Authors: Yip, Paul Sau Leung
Keywords: Social sciences::Economic development
Issue Date: 2014
Source: Yip, P. S. L. (2014). The risk of property bubbles in Hong Kong and Singapore : another aftershock crisis of the global financial Tsunami? Singapore Economic Review, 59(3), 1450026-. doi:10.1142/S021759081450026X
Journal: Singapore Economic Review
Abstract: This paper first provides a brief review of the global financial tsunami. It then explains why the quantitative easing in the US and the unique characteristics of the Asian property markets have contributed to the formation of property bubbles in some Asian economies. Thereafter, it discusses the possibility of a bursting of property bubbles in Hong Kong, Singapore or another Asian economy a few years from now, and highlights that the bursting of the property bubble in that economy could trigger severe corrections of property prices in this region through the contagion effect. After pointing out that the implied crisis could be more severe than that during the Asian Financial Crisis, it (i) discusses policies that could mitigate the damages of the potential crisis and (ii) draws important lessons and conclusions that could pre-empt similar disasters in the future.
URI: https://hdl.handle.net/10356/146513
ISSN: 0217-5908
DOI: 10.1142/S021759081450026X
Schools: School of Social Sciences 
Rights: © 2014 World Scientific Publishing Company. All rights reserved.
Fulltext Permission: none
Fulltext Availability: No Fulltext
Appears in Collections:SSS Journal Articles

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