Cheung Kong Property Holdings: Hong Kong's property mania cools as 3,800 buyers turn out for third batch of units at Ocean Pride

The sales office of Cheung Kong Property Holding 's new residential project located in Tsuen Wan appeared less crowded on Tuesday than during previous property launches, a day after a top financial official issued his strongest warning yet about escalating risks in the property market. Queues of prospective buyers started to form at the Fortune Metropolis mall in Hung Hom from 6pm, with an estimated 3,800 in line for the offer. That was noticeably fewer than the 14,000 who queued during...