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Hong Kong developers offering rebates, hidden discounts

They are avoiding price cuts that would signal a downturn has started

Hong Kong

KOWLOON Development Co's Upper East project in Hong Kong's Hung Hom area is offering a raft of rebates and hidden discounts that can reduce the cost to a buyer by as much as 14 per cent, and it will throw in a second mortgage too.

The enticements are paying off. Since its