Potential buyers look at the model of a residential project in Hong Kong. Photo: Dickson Lee
Potential buyers look at the model of a residential project in Hong Kong. Photo: Dickson Lee

How Hong Kong homebuyers have seen their purchasing power shrink by HK$1 million since January

  • The erosion in buying power comes after increases in both the Hibor and banks’ prime rates
  • HKMA on Friday relaxed its stress-test requirements for new mortgage borrowers by 100 basis points

Potential buyers look at the model of a residential project in Hong Kong. Photo: Dickson Lee
Potential buyers look at the model of a residential project in Hong Kong. Photo: Dickson Lee
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