Standard Chartered and Chong Hing Bank are not accepting mortgage requests from potential homebuyers at the Le Mont residential project in Tai Po, according to property agents. While Standard Chartered declined to comment, Chong Hing Bank stated that they evaluate mortgage loan applications based on the property’s value, quality, and the applicant’s repayment ability. This decision by the banks is a setback for China Vanke, the developer of the project, as they face significant debt maturities this year and are expected to post a record net loss for 2024 amidst a prolonged property downturn in China.
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ASEAN nations can overcome space, disaster constraints in pursuit of nuclear energy: IAEA chief
Read a summary of this article on FAST.SINGAPORE: IAEA Director General Rafael Mariano Grossi emphasized the potential for Southeast Asian nations, particularly Singapore, to adopt nuclear energy, citing its robust technology base and regulatory framework. During his visit, he signed a renewed agreement with Singapore to enhance nuclear expertise in developing nations, while addressing public concerns stemming from past nuclear disasters.https://www.youtube.com/watch?v=DODx8ijpIeE Want More Context? 🔎
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