UBS provided a report on the global residential property of major cities showing over-priced and fair valued cities.
According to this report, Singapore homes are over-valued and Hong Kong properties even more so.
It is interesting that some months back there were bullish ‘experts’ saying Singapore property is cheap compared to HongKong. Perhaps they are marketing residential projects and have an interest ( i.e. commission ) to persuade potential buyers that now is still a good time to buy as it is ‘cheap’. Half of what they say is true. What they don’t tell you is that HK is grossly over-priced.