| Walter Kwok, the non-executive director of Sun Hung Kai Properties, told media in Chongqing that property market in Hong Kong is at its peak.
He told journalists that the disappointing land auction of Borrett Road site is a signal that the property market will cool. As a reminder, the market expected that the site would be sold at a new record high, yet it hugely disappointed both in terms of price and the overall atmosphere of the bidding..............................................Full Article: Source
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