Nov
30
Hong Kong Property Doom Doesn’t Begin at 1%
ByHong Kong’s one-month interbank rate has reached its highest level since the global financial crisis. But don’t expect the city’s real estate prices to halt their spiral anytime soon, whatever the International Monetary Fund may say.
Blame banks and property developers.
Around 94 percent of mortgages in the world’s least affordable property market are tied to the Hong Kong interbank offered rate, so the surge above 1 percent will cause some pain…
Hong Kong Property Doom Doesn’t Begin at 1%
