Mortgage rates are rising in Hong Kong and it could lead to a 20% drop in property prices over...

|By:, SA News Editor

Mortgage rates are rising in Hong Kong and it could lead to a 20% drop in property prices over the next 2 years, according to Deutsche Bank. On top of higher rates are government efforts at curbing real estate. Developers are responding - cutting prices along with sales and earnings projections. EWH flat YTD.