Sun Hung Kai Properties Ltd

00016: XHKG (HKG)
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Hong Kong Developers: Low Hibor Unlikely to Persist but Should Support Near-Term Property Sales

The one-month Hong Kong Interbank Offered Rate fell to 0.54% on June 16 from a high of 4.06% on April 29. According to CBRE, this brings effective mortgage rates below 2.4%, indicating a positive carry for most residential properties based on gross yield.

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