Property News · June 12, 2018

Fear of interest rate rise and high prices hit latest Hong Kong property sale


Sales at the Fleur Pavilia luxury residential project by Hong Kong property firm New World Development in the city’s North Point district slowed towards the end of the day on Tuesday, a brief respite in what has been a hectic market over the past fortnight.
With an imminent interest rate rise likely – the US Federal Reserve will host a two-day meeting from Wednesday and is expected to announce a quarter-point increase – experts said buyers could have become more worried over…

Source : South China Morning Post
Read more…Fear of interest rate rise and high prices hit latest Hong Kong property sale