Property buoys Hong Kong growth

The Hong Kong economy looks set to remain healthy in the short term with the low interest rate environment helping to inflate real estate and consumer spending. However, slower global growth could prove a challenge in the medium to long term. One area that has been performing well in Hong Kong has been the property market. Paul Wimborne, director of Asian Equities at Insight, thinks Hong Kong has recovered very well from the bottom which was during the Sars period in 2003. As Hong Kong is pegged to the dollar, the low interest rate environment has re-inflated the industry. Property price...