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  1. Cheung Kong to trim back flat prices

    Posted Sep 23rd 2005, 12:00am by Dennis Eng

    ... units at its Metro Town project in Tseung Kwan O by between 5 and 8 per cent due to poor response from buyers. The move comes as Standard Chartered Bank, Bank of East Asia and at least nine other banks announced yesterday they would raise their prime rates by 50 basis points to 7.25 per cent. The increase, effective today, is double the latest US federal funds rate rise. Since June ...



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