Home prices tipped to go up 5-10pc in 2013
(03-12 15:03)
Local housing prices may go up by 5 to 10 percent due to the increasing policy risk, said DBS (Hong Kong) economist Lo Ming-lee, who believes that the supply shortage and low-interest rate environment will remain.
Lo noted that even some local banks in Hong Kong may lift the mortgage rate, a material correction in housing sector is not expected.
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