The curbs came after the Hang Seng Property Index completed a six-day, 11 percent rally on optimism the Fed's QE3 program would fuel inflows to the city, which tracks U.S. monetary policy because of a currency peg to the dollar. Record low mortgage rates, an influx of buyers from other parts of China and a lack of new supply have underpinned the housing market, prompting Hong Kong Chief Executive Leung Chun-ying to announce plans in the past month to accelerate land sales and give preference to local buyers in some projects.

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