Of course, house prices may become an area of vulnerability. House prices have increased at a remarkable rate during the past several years, and for some fundamentally sound reasons, including low mortgage rates.
Agency Tactical Plans are being finalized with specific policies, programs and progress indicators which will be shared thru dialogues to jumpstart convergence of multi-sectoral actions, and identification of concrete areas for partnership and collaboration. It is pleasing to note therefore that 8 countries in Asia Pacific are at varying stages of implementing their own NSFIs, while 9 other countries are currently formulating theirs.