1. The Philippines property market prices appears to have bottomed according to Global Property Guide. This company relies on a number of indices produced by Colliers International. You can view their quarterly market report at Colliers. Based on other posts I have made about the Philippines, I have a lot of confidence in the nation's fundamentals. This is of course evident from the latest edition of our report.
2. Japan Property Market has never really recovered so if you are looking for a turnaround story then Japan might be a place to consider. The prospect of reform-minded government is looking less likely given the controversies which have put the alternate government (i.e. Democratic Party of Japan) on the back foot. The country does however remain a great place to live and work, and the foreclosed property offerings at huge discounts make it an appealing option. The fundamentals are deteriorating, though the foreclosed market is still trading at huge discounts for anyone happy for property more than 1 hour from the largest cities.
3. New Zealand Property Market is still to find a base in the cities though you can find cheap property in some rural areas. The exchange rate for NZ and a number of commodity based countries makes this market less appealing, except for the committed retiree who can loan funds locally. In any respect this is not the time to transfer assets to NZ, or to buy property generally.