Hong Kong’s total bank deposits are at record highs, and with interest rates possibly not rising by the end of this year, returns will not be high, forcing cash holders to look for a way out, says CLSA’s Nicole Wong. Photo: AFP
Analysts change their tune, forecast an up to 15 per cent increase in Hong Kong home prices this year
- Record high deposits in Hong Kong banks as well as demand from new residents will drive rebound, says CLSA
- Home prices to rise by 10 per cent this year, says Citibank
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Hong Kong property
Hong Kong’s total bank deposits are at record highs, and with interest rates possibly not rising by the end of this year, returns will not be high, forcing cash holders to look for a way out, says CLSA’s Nicole Wong. Photo: AFP