Mainstream house prices tipped to outperform prime again in 2013

Government cooling measures and the attraction of second homes outside the region will dampen demand for Asian prime properties, according to Knight Frank.

Mainstream house prices tipped to outperform prime again in 2013
Property controls in Hong Kong have constrained growth in the luxury sector

Residential property prices throughout most of Asia have risen strongly during the past decade, buoyed by rising incomes and higher wealth. Although some markets saw a correction in the immediate wake of the Lehman Brothers collapse in 2008, they soon recovered.

But a “startling trend” identified by Knight Frank, a leading London-based global property consultant, is that mainstream markets across Asia excluding Japan have outperformed the prime end of the market, especially during the past...

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