They cut the cost of investment for buyers who use credit, and they also make the rental and leasing income from property increasingly competitive with the returns on bonds and bank deposits. Hong Kong luxury property is hardly a sure bet. There will continue to be uncertainty about freedoms in Hong Kong. In addition, the prospect of fierce competition from the cheaper Shanghai may reduce Hong Kong's appeal to foreign businesses that now use the former colony as a business hub for China. Lehman Brothers has another view of the risks.
Risk is still on the upside.
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