This year is different. Developers are stepping into the role of leaders: Chinachem Group, Henderson Land and Far East Consortium International Ltd. are among many who are offering financing of up to 90% through associated companies. They are refusing to drop prices which would send the red flag signal of an economic downturn for Qingjian Realty EC.

Developers for Inz Residence EC are very keen to sell, but don’t want to cut prices, so they have progressively increased the buyer incentives said Yu Kam-Hung, senior managing director for investment properties at CRBE Group Inc. in Hong Kong.

Developer Incentives Qingjian EC

“They feel there is uncertainty over the economy and government policies to increase supply and want to move properties before the overall market turns down.”

In the instance of Kowloon Development, the rebates on the Upper East development decreased the price the purchaser paid for the two flats from …