HK cooling measures fail to deter throngs at property sales
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Hong Kong
SNAKING queues of thousands of prospective apartment buyers in Hong Kong signalled that authorities have made no progress in cooling a red-hot property market, where prices are at record highs.
People were lining up on Friday and 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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