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















