Luxury
Hong Kong Luxury Property Prices Choked by Tightening: Mortgages
Hong Kong businessman Raymond Chiu says he has perfect credit and is prepared to spend about HK$16 million ($2 million) on a 1,000-square-foot apartment in the city’s Mid-Levels residential area. There’s just one catch. The government requires a 50 percent down payment. That’s “really putting us off,” said Chiu, 45,…
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Click here to read the full story: Bloomberg Business Week