This may worsen the already weak real estate sentiment further, according to a Reuters report.
"If liquidity tightens in the Hong Kong dollar market further, that may push mortgage rates up," HSBC Asia-Pacific Chief Executive Peter Wong told reporters.
According to the Reuters report, Hong Kong's property market has already begun to show signs of slowing following a series of measures announced by the city's government to cool prices, including increasing the downpayment required for certain types of property.
View the full report here.
Do you know more about this story? Contact us anonymously through this link.