An imminent rise in interest rates in the United States next week could quicken the correction in Hong Kong home prices, which have bounced back to near record levels last month, according to industry experts.
Analysts estimated that a rate tightening could result in Hong Kong home prices falling 5 to 15 per cent or the next 12 months.
The International Monetary Fund (IMF) said on Wednesday that stretched property valuations mean Hong Kong’s economy is vulnerable if interest rates rise…
Source : South China Morning Post
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