How to Slow Soaring Home Prices: Hong Kong and Singapore's Success

Hong Kong and Singapore raise taxes and curb lending

Look at the world’s dizzying jumps in the price of housing in the 12 months through June: London, up 16.4 percent; Manhattan, 18 percent; Sydney, 15.4 percent. Then there are Singapore and Hong Kong: down 3.7 percent and 0.6 percent, respectively.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.