May
29

Hong Kong Throngs of Thousands Defy Bid to Cool Home Market

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  • Buyers queue to get a shot at newly-released developments
  • Newspaper describes property market as ‘becoming crazier’

Snaking queues of thousands of prospective apartment buyers in Hong Kong signaled authorities have made no progress in cooling a red-hot property market, where prices are at records.

People were lining up on Friday and over the weekend at Victoria Skye, a luxury project at the former airport site of Kai Tak, and at the Ocean Pride development by Cheung Kong Property Holdings Ltd. and MTR Corp…

Hong Kong Throngs of Thousands Defy Bid to Cool Home Market

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Categories : Real Estate

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