Hong Kong property developers will put 597 new flats on the market between Friday and Sunday, the biggest weekend sale in six months, as competition to lock in buyers heats up before the era of cheap mortgages comes to an end.
The sale comes as brokerage Nomura became the latest to predict sharp falls in property prices in the city, the world’s least affordable housing market, seeing a 13 per cent drop next year as higher rates bite.
Interest rates are expected to rise by the end of the…
Source : South China Morning Post
Read more…Hong Kong developers to hold biggest weekend property sale in six months in rush to beat rate rise















