News Hong Kong Property & Finance

De-Peg US$ Question?

ORIGINAL POST
Posted by Saint 14 yrs ago
If the HKD is de-pegged from the US$, would this have a positive or negative effect on HK property prices?

In other words, am I better off keeping most of my cash in HK property equity or HKD?

Thanks in advance......

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COMMENTS
Saint 14 yrs ago
I should've mentioned, I will eventually (5-10yrs) be switching all HKD to AUD, sooner if there's a repeat of 2008!

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Saint 14 yrs ago
We have been in HK for 6yrs and have bought property 6 times and sold 5 times. I've never ever dealt with shares and recently sold our HK rental property to purchase 'our keeper' property in Aus. I was hoping for a drop in the AUD to reduce our debt in Aus which has now increased by another 10%. We still have substantial equity in our current HKD property and X amount of HKD cash, which prompted the above De-peg question.

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Saint 14 yrs ago
I'm currently looking at further reducing our AUD debt, but all our cash (1.2mil) is in HKD. I'm looking at holding out till Aug/Sept and then see where the AUD is and where it appears to be heading before switching. At least the AUD is now at 1.05 and not 1.10 heading up!

I'll probably switch in Sept regardless of where the AUD is???

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Saint 14 yrs ago
Or gaining against the AUD???? I hope!

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Saint 14 yrs ago
Yep, got it.

Thanks for the comments.

Surge on US$! (vAUD)

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