Reported 2 days ago
China Vanke's Hong Kong division successfully sold 162 of 228 units at its Le Mont project in Tai Po on the first day of sales, despite mortgage rejections from some banks. The project, featuring a range of flat sizes and prices significantly lower than two years ago, received high demand with over 7,400 applications. While Vanke faces financial difficulties and challenges in securing mortgage approvals for some buyers, other banks have offered financing, reflecting a potential rebound in Hong Kong's property market.
Source: YAHOO