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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
Add BT as a preferred sourcePublished Wed, Oct 28, 2015 · 09:50 PM
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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