How will the american economic slowdown, with the worsening housing market, effect property markets in Asia?

I own property in Cambodia in Southeast Asia, where the housing market is presently very good, with property values increasing by almost 40% per annually. I am concerned that the US economic slump with its numerous housing forclosures, will eventually effect the housing market in Cambodia as well. I want to know what to expect - will the US economic crisis effect Cambodia or not?

The Cambodian currency is tied closely to the US dollar. With the dollars recent fall on world money markets how will this effect the Cambodian market?

---

Orignal From: How will the american economic slowdown, with the worsening housing market, effect property markets in Asia?