The decision by many of Hong Kong’s largest banks to raise the interest rates they charge on mortgages last weekend is not expected to spark a trend towards further rate rises, market watchers have told South China Morning Post.
“The rises were a response to regulatory tightening measures by the HKMA (Hong Kong Monetary Authority), rather than a change in the market,” said Daniel Shih director for research at property agency Colliers International.
Raymond Yeung, chief…
Source : South China Morning Post
Read more…Mortgage rate rise viewed as a one-off by the market















