Banners posted by the city’s major agents urge homebuyers to act quickly by saying the interest-rate cut will spur the city’s housing market. Photo: Pearl LiuBanners posted by the city’s major agents urge homebuyers to act quickly by saying the interest-rate cut will spur the city’s housing market. Photo: Pearl Liu
Banners posted by the city’s major agents urge homebuyers to act quickly by saying the interest-rate cut will spur the city’s housing market. Photo: Pearl Liu
Business

Hong Kong homeowners speed up sales as surprise rate cut stirs mixed sentiments on rebound prospects

  • At least five home transactions were recorded after the HKMA lowered its base lending rate in response to the Fed’s emergency rate cut
  • Rate cut stirs mixed sentiments as buyers fear policy support for sector will weaken their bargaining power
Topic |   Hong Kong property
Martin ChoiPearl Liu
Martin Choi and Pearl Liu

Updated: 12:55pm, 5 Mar, 2020

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Banners posted by the city’s major agents urge homebuyers to act quickly by saying the interest-rate cut will spur the city’s housing market. Photo: Pearl LiuBanners posted by the city’s major agents urge homebuyers to act quickly by saying the interest-rate cut will spur the city’s housing market. Photo: Pearl Liu
Banners posted by the city’s major agents urge homebuyers to act quickly by saying the interest-rate cut will spur the city’s housing market. Photo: Pearl Liu
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