Home / Business / Industries

Hong Kong home prices set to rise

Updated: 2012-09-26 15:03

By Hu Yuanyuan ( chinadaily.com.cn)

Comments()

Mail

Large Medium Small 分享按钮 0

Hong Kong home prices are expected to rise 5 percent as a result of quantitative easing measures rolled out by the US, real estate consultancy Colliers International said in a report on Wednesday.

By virtue of a correlation between US bond yields and Hong Kong residential property prices, a 2 percent rise in the Chinese territory's residential prices is anticipated for every 10 basis point reduction in US bond yields, the report said.

Based on this, Colliers International predicted a 5 percent rise in prices over the next 12 months.

The Hong Kong Monetary Authority's lowering of loan-to-value rations from 50 percent to 40 percent on second residential properties will help to cool market sentiment, the report added.

Hong Kong home prices set to rise

Related Stories

HK releases Q2's balance of payments statistics 2012-09-25 10:22

Hong Kong's composite interest rate dips in Aug 2012-09-20 09:46

Hong Kong's unemployment rate remains at 3.2% 2012-09-19 10:55

Hong Kong's volume of goods exports down 5.1% in July 2012-09-19 10:54

Incentives to boost HK, mainland ties 2012-09-13 02:46