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Seoul, Shanghai and Singapore show house-buying fever

Governments mull action to head off bubbles as residential prices soar

A public housing estate under construction in Singapore. The government has warned of the risks of taking on too much property debt.   © Reuters

SINGAPORE -- After searching for months, Tang Wei, a Chinese working mother with a toddler, finally secured what she said was the most important purchase of her life last December -- a home.

"I sleep well these days," she said of her relief after a prolonged hunt.

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