Concern emerges about soaring real estate recovery in Asian property markets

[Nicholas Wallwork]

Real estate markets in a number of Asian countries that are showing signs of recovering from the global property downturn are now in danger of becoming too hot, it is feared.

Governments in China, Vietnam and Korea are considering introducing measures to cool the real estate markets after prices started soaring in the last few months.

In China real estate sales increased 45.3% to 1 trillion yuan ($146 billion) in the first five months of 2009 from a year earlier and property investment growth rose to 6.8%, according to figures from the National Bureau of Statistics.

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