Continued woes in the subprime mortgage market in the United States and housing concerns are definitely starting to take their toll on Asia I think, particularly for those of us here in Singapore.

Focusing on the housing market, we are seeing such a property boom here in Singapore its hard to imagine that sooner or later, home prices- and the issues home builders are running into in the U.S.- won't affect this market at some stage sooner or later.

For now, our red hot housing sector in Singapore will continue I think. But the "bubble" may burst much sooner rather than later given what we are seeing in the US. only a matter of time I think.

As always please see your licensed financial advisor before making any investment decisions.

Curtis Bergh