Small rate rise may have big impact on investors

Last week the Hong Kong government claimed a victory in its battle to halt the city's epic property bull market. Standard Chartered, Hang Seng Bank and HSBC raised mortgage rates for new home loans, triggering immediate drops in home prices.

Centaline Property Agency said some owners cut prices by up to 10 per cent.

via Business feed http://www.scmp.com/business/money/money-news/article/1193237/small-rate-rise-may-have-big-impact-investors