In this note, we introduce AMRO’s Risk Identification and Signalling Kickoff (RISK) exercise, aimed at assessing systemic risks to the ASEAN+3 region.
Hong Kong’s residential property market has suffered along with the rest of the city’s economy over the past three years amid social and political unrest and the COVID-19 pandemic.
Hong Kong’s economy has been rebounding strongly due to the progress in COVID-19 vaccinations, and recovering domestic and external demand.
Hong Kong’s economy has been rebounding strongly due to the progress in COVID-19 vaccinations, and recovering domestic and external demand, but targeted policy support to hard-hit sectors and supportive credit conditions remain important to safeguard the recovery.
China’s Evergrande Group missed three bond interest payments in September and October 2021, but has been able to make payment on its obligations just before the end of their respective one-month grace periods.
Since 2018, Korea has witnessed rapidly rising housing prices, particularly in the Seoul metropolitan area, resulting in growing concerns among policymakers and home owners alike.
China’s housing market is booming again. Not only has the market emerged in 2020 from the COVID-19 pandemic largely unscathed, but it has also started to show overheating signs in several cities this year.