Which property markets in Asia look most likely to fall?

Real estate as an asset class is hotter than ever right now; prices of prime property around the world are at record highs – and the market in Asia is no exception. This trend has been driven by steadily rising demand from both institutional investors and private wealth, eager for both capital appreciation and steady income, over the past few years. And it shows little sign of tailing off, if one is to believe survey findings suggesting that asset owners expect to increase their…