Sun Hung Kai Properties offers 120% mortgages in HK
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Hong Kong
SUN Hung Kai Properties Ltd, Hong Kong's largest developer by market value, is offering mortgages worth as much as 120 per cent of a home's value at one of its projects as sales have slumped in the city.
There is a catch: to qualify, buyers at Park Yoho Venezia in the city's Yuen Long district must already own another property pledged as security, according to the sales information on the development's website.
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