Financial Secretary Paul Chan says higher interest rates alone are unlikely to send property prices plunging, given other factors at play. Photo: Nora Tam
Financial Secretary Paul Chan says higher interest rates alone are unlikely to send property prices plunging, given other factors at play. Photo: Nora Tam

exclusive | Hong Kong must raise interest rates but wild swing in property prices unlikely, finance chief says

  • Paul Chan says prime rate increase in Hong Kong is expected in coming months, but scale and pace need not follow US Fed’s move
  • Financial secretary also refuses to rule out using edge of Tai Lam Country Park for housing

Financial Secretary Paul Chan says higher interest rates alone are unlikely to send property prices plunging, given other factors at play. Photo: Nora Tam
Financial Secretary Paul Chan says higher interest rates alone are unlikely to send property prices plunging, given other factors at play. Photo: Nora Tam
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