News Snapshot:
Bank of China (Hong Kong), the largest provider of financing for completed homes in the city, is teaming up with developers to offer cash rewards to mortgage applicants in residential developments with “green credentials.” The local unit of China’s third-largest banking group has lined up several projects from 10 developers so far under its so-called Green Mortgage Plan to promote sustainable development , according to its website. Almost 2,300 units are still available for sale in those projects, according to data compiled by real-estate agency 28Hse. “We are working closely with other developers and look forward to extending the plan...
