Property News · June 16, 2017

Rising rates may crimp Hong Kong’s second-half home prices by 5 per cent, analysts say


Hong Kong’s soaring home prices will likely take a breather in the second half of this year, as buyers turn cautious in anticipation of an increase in mortgage rates, while an unusually large supply of new apartments floods the market, analysts said.
The city’s primary and secondary residential property markets have been softening in the last fortnight, indicating growing concern among potential buyers over the interest rates outlook, according to Louis Chan Wing-kit, vice chairman…

Source : South China Morning Post
Read more…Rising rates may crimp Hong Kong’s second-half home prices by 5 per cent, analysts say

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