While U.S. housing stumbles, Hong Kong property market soars

Story date: 2008-02-03 01:13:00
Added on: 2008-02-03 04:28:03

International Herald Tribune - Hong Kong mortgage rates are now negative in real terms, below the inflation rate of 3.8 percent and it has become cheaper to buy than rent, analysts say. A Merrill Lynch property analyst has predicted a 50 percent rally in property prices in the next ...


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