What makes a 'hot' property market?
17 January 2014 Last updated at 07:34 GMT
Does the founder of one of the biggest property companies in Asia think there is a housing bubble in global hot stops?
Liew Mun Leong has been in the property business for more than 20 years, and has recently retired from the presidency of his company, CapitaLand.
He explains to the BBC's Chief business correspondent Linda Yueh what makes a property market "hot".