Corporate foreign exchange news

Published by Mark Smith-HalvorsenAnalysts have warned that Hong Kong's real estate market may be expanding at an unsustainable rate.The Wall Street Journal reports that there have been a number of high-profile, high-value real estate sales in recent weeks, leading some to suspect that a bubble is emerging.Property prices throughout the region have been supported by rising liquidity, with the pace of appreciation worrying some participants.Singapore's government has also stepped into the arena in recent weeks to call for investors to "temper sentiments and pre-empt a property bubble" as prices have risen rapidly there."There is a risk that the market could overheat in the next few months, fuelled by low global interest rates and positive sentiments associated with the economic recovery," said one Chinese official, speaking to the paper anonymously.In recent weeks, the Chinese government has also taken action to rein in its rising lending levels as interest in foreign property mortgages, consumer credit and commercial lending has increased.For more information on purchasing currency for regular or one-off payments, visit our Personal FX site.