Property News · March 25, 2020

Hongkongers relish picking up overseas properties on the cheap as currencies slump amid market stampede


Hongkongers are relishing the prospect of picking up global properties on the cheap, as a global market stampede crushed major currencies and emergency rate cuts flattened borrowing costs.The Hong Kong currency is trading at the stronger end of its band through the market carnage, courtesy of its decades-old peg to the US dollar. It has appreciated by between 4.7 per cent and 15.5 per cent so far this year against top major and regional currencies, including the British pound, Canadian dollar,…

Source : South China Morning Post
Read more…Hongkongers relish picking up overseas properties on the cheap as currencies slump amid market stampede

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