Steps taken by Hong Kong authorities to rein in their roaring property market appear to working....

|By:, SA News Editor

Steps taken by Hong Kong authorities to rein in their roaring property market appear to working. Weekend sales of homes fell 83% from the previous week after stamp duties and down payment requirements were raised. Property developer Cheung Kong Holdings (CHEUY.PK) fell more than 3% and Midland Holdings, the city's largest realtor, fell by 15%.