The United States Federal Reserve raised interest rates by 25 basis points last week, the first increase since December 2015. Photo: Reuters
Challenging times: short-term pain but Hong Kong’s property market’s long-term outlook is sound
Analysts and property developers believe rising interest rates will put downward pressure on house prices in Hong Kong
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Weekend Property
The United States Federal Reserve raised interest rates by 25 basis points last week, the first increase since December 2015. Photo: Reuters