Developers cut incentives - 2004-02-16
Developers are slashing incentive packages for home buyers, in a direct attact at the speculators blamed for the 20 per cent increase in flat prices over the past few months.
Cheung Kong (Holdings), Hong Kong's biggest developer by sales, and New World Development say they will stop offering secondary mortgages at their joint-venture Sky Tower project in To Kwa Wan.
Read the full story at The Standard