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Buying S'pore or HK property? Watch Fed moves

If it raises rates in H2 as widely expected, property prices in these places may fall by 5%

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In Hong Kong, where the local dollar is pegged to the US dollar, rate hike would lift floating mortgage rates, pressuring property prices.

Singapore

INVESTORS seeking to buy property in Singapore or Hong Kong this year may be better off listening to US Federal Reserve chair Janet Yellen than a real estate agent. The Fed is widely expected to raise interest rates sometime in the second half of 2015 as the US economy improves

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