Property News · October 4, 2018

As homebuyers wait on the sidelines, builders tempt them with special mortgage rates, cash discounts


Hong Kong developers are offering cash rebates and lower mortgage rates to drum up sales after residential transactions hit a 20-month low, as rising interest rates, volatile stock market and worsening US-China trade war keep buyers on the sidelines.
Vanke Property (Hong Kong), a wholly owned unit of China Vanke, on Wednesday started offering buyers of its LePont project in Tuen Mun a lower mortgage rate, just a week after banks raised lending costs for the first time in 12 years.
Hong Kong…

Source : South China Morning Post
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