HSBC Says Hong Kong Mortgage Rates to Rise as Liquidity Tightens
This article is for subscribers only.
Mortgage rates in Hong Kong, ranked the world’s most expensive place to buy a home by Savills Plc, may climb further as liquidity tightens among local banks, said HSBC Holdings Plc.
“There is a little bit of tightness in terms of liquidity in the market,” Peter Wong, chief executive officer for the Asia-Pacific region at HSBC, the U.K. bank that gets more than half of its profit from Asia, said in an interview yesterday. For mortgage rates “everybody is watching everybody in the market.”