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By Mr. Zakharia’s calculations, over the two-year term, his offer with a 16.08 per cent AIR is closer to a 28 per cent APR.
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For first-time buyers, loans will be available at 90 percent for properties worth up to HK$8 million – double the previous.
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Flakes would then “illegally file the deeds and liens with the Harris County Clerk’s Office, and then sell the properties,