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3Novices:Hong Kong developers use wads of cash to skirt mortgage rules and salvage sales

Cooling measures? What cooling measures?! If there were any, the property markets in Hong Kong and China do not seem to have noticed them.
Developers in Hong Kong either have the financial strength not to be bothered by the lending restrictions or have the means to support home buyers with funding.
On Monday, Vanke Property (Overseas) surprised the market when it announced that it would use the funds it had set aside to buy land to provide mortgages to home buyers of its first project in Hong…
June 10, 2017 at 09:30AM http://ift.tt/2rW09Is
#3Novices #News #OnlineMedia #China 3Novices China

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