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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Durian prices in Singapore expected to drop by up to 30% in July at peak harvest period
Durian prices in Singapore are expected to drop by up to 30% next month as the harvest season reaches its peak, although fluctuations may occur due to weather conditions. Sellers anticipate better supplies this year, despite the season starting later than usual, with some businesses employing unique sales strategies like livestreaming to boost sales.https://www.youtube.com/watch?v=PsuHAu5x2Ao Need More Context? 🔎
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