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Grand Homm in Ho Man Tin Reportedly Hits Snag in Re-launch, as Major Banks Not Willing to Provide Mortgage Services
HK01 cited rumor that some major banks in Hong Kong were cautious about the re-launched new property Grand Homm in Ho Man Tin and were not willing to provide mortgage services to b...
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Grand Homm in Ho Man Tin Reportedly Hits Snag in Re-launch, as Major Banks Not Willing to Provide Mortgage Services
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HK01 cited rumor that some major banks in Hong Kong were cautious about the re-launched new property Grand Homm in Ho Man Tin and were not willing to provide mortgage services to buyers, implying that buyers might have to pay the property price in full.

The project provides a total of 401 units. Currently there are about 380 units left for sale, accounting for 95% of the project, with an estimated market value of over $17 billion. An industry insider pointed out that if major banks fail to provide mortgage services, it is believed that the project will be difficult to cash in.

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