Hong Kong’s property market set to cool despite run of record-breaking deals
Hong Kong’s residential property market has regained momentum in recent months amid a string of record-breaking deals. But analysts warn that the rally is likely to cool in the second half of the year, as a weaker stock market weighs on investor sentiment. A string of huge deals in the city has generated buzz in recent days, with a five-bedroom flat at Sun Hung Kai Properties’ Cullinan Harbour in Kai Tak selling on Monday for HK$247.9 million (US$31.6 million) – a record for the project and for...
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