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View Full Version : Hong Kong Homes Face 25% Drop as Loans Fall in Year of Dragon: Mortgages - Bloomberg



NewsWhore
01-31-2012, 02:40 PM
Hong Kong Homes Face 25% Drop as Loans Fall in Year of Dragon: Mortgages (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEBkCV5q5I77qOOFAF2IB5XFsxsDA&url=http://www.bloomberg.com/news/2012-01-31/hong-kong-homes-face-25-drop-as-loans-fall-in-year-of-dragon-mortgages.html)
Bloomberg
Record Low The HKMA, which doesn't have an independent interest-rate policy because of the local currency's peg to the US dollar, has kept its base rate at a record-low 0.5 percent since December 2008. Hong Kong's property prices halved between 1997 ...

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