An applicant for the Sale of Home Ownership Scheme (HOS) at the Lok Fu Housing Authority office on 26 September 2018. Hong Kong’s property market will have to prepare for a slowdown as the higher rate will add to mortgage payments. Photo: SCMP/Edward Wong

Home sellers trim prices as Hong Kong’s decade of cheap money ends with higher interest rates

Homeowners are bracing for a hit in the pocket as Hong Kong’s lenders raise their prime rates for the first time in over a decade

Topic |   Hong Kong Monetary Authority (HKMA)

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An applicant for the Sale of Home Ownership Scheme (HOS) at the Lok Fu Housing Authority office on 26 September 2018. Hong Kong’s property market will have to prepare for a slowdown as the higher rate will add to mortgage payments. Photo: SCMP/Edward Wong
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