Date
17 October 2017

Longfor launches downpayment installment plan, Xinhua says

Longfor Properties Co. Ltd. (0960.HK) has rolled out an installment plan for downpayment for home buyers in Chongqing, allowing buyers to just pay 50 percent of the downpayment amount up front while the remainder can be paid before February 2014, Xinhua news agency reported Sunday. Longfor has became the first real estate developer to roll out such promotional incentive scheme in Chongqing. It comes as competition between developers has intensified towards the year-end, with various home purchase curbs imposed by the central government still in force.

– Contact HKEJ at [email protected]

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