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Hong Kong Property Developers Provide Property Cash Rebates as High as 50% to Buyers & Very High Commissions to Property Agents with Agents Providing Rebates to Buyers, Registered Transaction Prices are Higher than Actual Buying Prices after Rebates, Hong Kong Banks are Only Allowed to Provide Loans to Clients from Net Buying Prices after Cash Rebates
30th June 2024 | Hong Kong
Hong Kong property developers have been reported to be providing property cash rebates as high as 50% rebates to buyers, and very high commissions to property agents with agents in turn providing the rebates to buyers. With the cash rebates, the registered transaction prices are higher than the actual buying prices after rebates. Hong Kong banks are only allowed to provide loans to clients with maximum loan quantum calculated from the net property buying prices after cash rebates.
“ Hong Kong Property Developers Provide Cash Rebates as High as 50% to Buyers & Very High Commissions to Property Agents with Agents Providing Rebates to Buyers, Registered Transaction Prices are Higher than Actual Buying Prices after Rebates, Hong Kong Banks are Only Allowed to Provide Loans to Clients from Net Buying Prices after Cash Rebates “
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Hong Kong Property Developers Provide Property Cash Rebates as High as 50% to Buyers & Very High Commissions to Property Agents with Agents Providing Rebates to Buyers, Registered Transaction Prices are Higher than Actual Buying Prices after Rebates, Hong Kong Banks are Only Allowed to Provide Loans to Clients from Net Buying Prices after Cash Rebates
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