China;s RE is a bubble by price/capital income, 15x years average to salary, etc.
But dont forget >25% of new purchases in 2009-2010 was in cash... CASH!!. and the sub-urban numbers are believed to be much more higher.
I would say MY should burst before China.. by looking at the statistics. All eyes on CHina in next 50 years.
MY RE prices will follow and depend on CN, HK and SG. MY will take lead when the racist 513 happen again.
Financial Is property going to drop?, General property price discussion
Feb 9 2011, 05:49 PM
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