If history is any guide,the long queues of property buyers at Hong Kong’s Tsuen Wan residential project last weekend could be the harbinger of a bubble in the world’s most expensive housing market.
Hundreds of buyers packed into Cheung Kong Property Holdings’ sales office, vying to get a unit at the Ocean Pride project built by Li Ka-shing, the city’s wealthiest businessman whose property projects had long stood for appreciating value.
They were willing to ignore record-…
Source : South China Morning Post
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