Any rise in interest rates in the United Statescould slow growth in Hong Kong property prices, but is unlikely to reverse the long-term upward trend in a city that is already the most expensive urban centre to live in, according to market watchers.
The US Federal Reserve is widely expected to raise rates this month, which would mean higher rates for Hong Kong borrowers because the city’s monetary authority is obliged to follow US interest rate changes since Hong Kong’s currency is…
Source : South China Morning Post
Read more…US interest rate rise may slow Hong Kong home price growth but ‘will not cause a crash’















