"HK banks lift rates to 6.75pc Hong Kong's leading banks on Wednesday lifted their prime lending rates 25 basis points after the Hong Kong Monetary Authority, the de facto central bank, raised its rates 0.25 percentage points." according to SCMP. My friend is considering to buy a flat because his landlord is going to sell his apartment next year. The flat price in Hong Kong is high. Even my friend's household income is greater than $50,000 per month, he is un-decided whether he should invest and buy a flat himself.
The winner? Mr. Lee, Ka Shing, everytime. (note: Lee is the richest real estate developer in Hong Kong.)
