Chart of the day: Bouncing back

Taiwan, Hong Kong and Malaysia have seen the sharpest rises in property prices in real terms since 2008, though the latter two are down from their peak - in nominal terms, Citi says in a report. Malaysian property prices are still rising, but at a much slower pace. In the last year, Philippine property prices have also seen a sharp catch up, after lagging in previous years. Meanwhile, Singapore prices have been sliding since 2013 and China more recently. However, comparing property price indices in Hong Kong and Singapore versus broader nationwide property prices elsewhere is likely misleading. There was a relatively sharp bounce in property prices in Shanghai/Beijing until recently, as well as in Greater Bangkok.