(From Article)
HONG KONG — Hong Kong leaders, who have struggled in vain for three years to slow growth in home prices amid fears of a housing bubble in the Special Administrative Region, are finally about to get their wish as the city’s biggest banks raise mortgage rates.
Prices could fall as much as 20 per cent over the next two years, according to Deutsche Bank analysts, after lenders including HSBC Holdings, Hong Kong’s biggest by assets, and Standard Chartered raise their home loan rates by 25 basis points in response to tighter risk rules.
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