News Hong Kong Property & Finance

HK Monetary Authority imposes mortgage controls.

ORIGINAL POST
Posted by DaHKGKid 17 yrs ago
This could be a move in anticipation of a housing downturn. There is talk right now between agents where initially the drop will be 10%. We've seen 45% and 40% drops in the last two stock market crashes in HK. The one we are in now is approaching the same HSI levels of these two. Open trading on Tuesday in the US and quarterly results both US and HK should show the downturn. To what degree in the short term? but get ready for a very long recession period in the US and the effects throughout the world and Asia markets. HK will suffer the results from both.

Please support our advertisers:

< Back to main category



Login now

OTHER ASIAXPAT SITES:

Ad