Investors shrug off mortgage rivalry in Hong Kong

Hong Kong

THE mortgage war in Hong Kong, the world's most unaffordable housing market, is getting intense. But instead of panicking, investors in HSBC Holdings Plc should be looking to uncork the champagne.

Frequent attempts by the government to cool an overheated market have brought transactions in pre-owned homes to a standstill. New launches, though, are still abundant as developers clear inventory.