Hi Mr Tan,
Here is an interesting article about the housing crash continuing in US even after all the stimulus.. I suspect that China(Shangai and HK) and eventually Singapore will suffer the same fate. http://patrick.net/housing/crash.html
Here is another interesting article on possible crash of china propery bubble for you to read.
http://www.dailymarkets.com/economy/2010/04/09/jim-chanos-on-the-coming-collapse-of-chinas-property-market/
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