21.09.2011 - Rising borrowing costs in Hong Kong to hurt property market
Mortgage rates in Hong Kong, which have jumped nearly 200 basis points (bps) over the last six months, could rise to as much as 4.5 percent by the end of 2012, according to Barclays Capital, making it much harder for first-time homebuyers to enter the market. Already, the bank estimates that first-time buyers need to pay nearly 47 percent of their household income in mortgage payments..............................................Full Article: Source
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