I second. Particularly like the following statements :


"There are no speculators in the market now due to the tightening measures, so developers are forced to sell properties close to the market price," said research associate director Wong Leung Sing at Centaline Property Agency."

"Developers are selling new homes at about a 20 percent premium over prices in the second-hand home market, a sharp fall from price premiums of between 50 percent and 80 percent before the latest round of property curbs started last October, said Knight Franks' Lam."

"Cheung Kong offered a 10 percent discount and paid an extra 3.75 percent stamp duty on sales of its newly launched project"



So, if the authorities stand firm, choke off the speculators, developers will be forced to lower prices to "close to the market price"?