Cool-it calls `good for the market'.

(From The Standard)

Byline: Staff reporter

Even developers are beginning to worry about the possibility of a property bubble and have begun to try to talk the market down in the wake of remarks by Hongkong and Shanghai Banking Corp chairman David Eldon last week.

Cheung Kong was the first to make such comments and most of the other developers fell in line soon after. Some announced earlier this week that they will stop offering second mortgages and will not allow purchases to be made under company names for select projects to avoid a surge in speculators.

Other developers said that they will not increase prices in the near term.

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