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Hong Kong’s homebuyers defy banks’ jitters in snapping up flats built by little-known developer in fourth straight sell-out weekend



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Hong Kong’s homebuyers continued to pile into the residential property market, snapping up three of four flats on offer in two districts across the city, encouraged by an improving local economy and prospects of easy financing.Up to 197 of 265 apartments, or 74 per cent, of available new flats on offer at two projects were sold as at 8:00pm, sales agents said.Kwai Hung Group sold 128 of 130 flats released in the first batch of the Mangrove project in Hung Hom, defying the banks that pulled the…

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