Asian governments may have a housing affordability crisis on their hands

In Asia’s real estate sector, South Korea is a star performer. In the first half of this year, the region’s fourth-largest economy recorded the second-highest volume of commercial real estate transactions after Japan. Moreover, Seoul experienced the strongest growth in prime residential prices in annualised terms in the second quarter among 46 markets tracked by Knight Frank.
Singapore is another top performer. Office vacancy rates are among the lowest in the region while the city state was one…