RESIDENTIAL PROPERTY | Staff Reporter, Hong Kong

Here's proof that Hong Kong made no progress in cooling its property market

Thousands of buyers queue for newly-released developments.

According to Bloomberg, 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.

The report noted that people were lining up 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.

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