HSBC, Bank of China (Hong Kong), Hang Seng Bank, Bank of East Asia and Standard Chartered are lenders that have stayed away from mortgages for uncompleted units at Kwai Hung Group’s Mangrove development. All 130 units at the development in Hung Hom will be up for sale this Saturday.
The agency said buoyant housing demand, a chronic shortage of land and housing supply, as well as a consistently low interest rate environment will support price rises.