| From WSJ: Two prime Hong Kong residential sites were sold in an auction Monday for a lower-than-expected US$1.34 billion, in a sign that one of the world's hottest property markets is cooling off.
Analysts said the sale indicated a potential end to the market frenzy that has sent prices surging about 27% this year. Some observers welcomed the results, saying they may point toward a more stable property market next year and allay concerns over a housing bubble...........................................Full Article: Source
|