Response to The Grand Marine can be attributed to low pricing, this week’s reduction in lending rates among local banks and the government’s move last month to ease mortgage financing rules. These are among the measures taken to rejuvenate the housing market, where declines in prices have accelerated in four months through September amid anti-government protests. The economy shrank more than expected last quarter and into its first technical recession in a decade.Hong Kong home prices in four…
Source : South China Morning Post
Read more…Homebuyers flock to showroom for bargains after Hong Kong lenders cut rates















