Fed rate hike could burst HK property bubble
Expected rise renews debate on whether it should maintain peg with the US dollar, as its ties with China grow closer
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Hong Kong
BUOYED by record-low borrowing costs, a Hong Kong housing boom has seen prices more than double in six years, making it one of the world's most expensive property markets, but analysts warn a US interest rate hike could send valuations plunging.
The expected hike by the Federal Reserve has also renewed debate on whether Hong Kong should maintain a decades-old peg with the US dollar, as its ties with China grow ever closer.
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