Expecting mortgage rates to quadruple to 4% by the end of 2012 (4% is a quadruple!!!), analysts...

|By:, SA News Editor

Expecting mortgage rates to quadruple to 4% by the end of 2012 (4% is a quadruple!!!), analysts at Barclays call for a 30% fall in Hong Kong property prices in 2012-13. Banks have already started to increase rates, even as the central bank's rate (tied to the Fed) has not budged.