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Hong Kong property giants deny Beijing is ramping up pressure on industry to fix city's housing woes, following reports of officials losing patience scmp.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scmp.com Daily Mail and Mail on Sunday newspapers.
Project delays, focus on luxury flats by city’s rail giant, which is allowed to develop land above and around stations, have caused concernUrban Renewal Authority, meanwhile, producing just 700 flats a year, while government bureaus sometimes find themselves at cross purposes ....
The one-month Hibor, at 0.064 per cent on Monday, was already at its lowest since January 2010, according to data provided by the Hong Kong Association of Banks. It was also a hair’s breadth away from the record low of 0.05 per cent recorded in December 2009. ....