ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Higher interest rates threaten Hong Kong's housing boom

Some borrowers could face a pinch in the world's 'least affordable market'

Hong Kong is known for its sky-high housing prices, but the real estate market could be affected by tightening monetary policy.

HONG KONG -- Hong Kong's lending rates have jumped in recent weeks as authorities work to prop up the territory's currency, stirring concerns that further tightening could slow the housing market's bull run.

The three-month Hong Kong Interbank Offered Rate rose for an 18th straight session Wednesday to 1.75%, continuing to hit highs last seen in late 2008.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more