A year after the government launched a series of measures to ease surging home prices, Hong Kong's housing market has shown tentative signs of slowing in the past month after considerable price inflation since January.
But there are growing concerns that stronger tightening measures may be in the offing.
Although prices have risen, transactions have slowed considerably, prompting some market analysts to warn against any further tightening.
Buyers have generally boosted home prices in the secondary market to record levels over the past year, though buying interest seems to have waned somewhat in the past month.
The Centa-City Leading Index (CCL), which tracks changes in home prices in the secondary market, closed at 104.01 for the week to June 8 - the highest level ever.
In fact, the index has posted records every week since May 11 when it first breached the level of 102.93, which was reached at the peak of the last property boom in October 1997 before the Asian financial crisis.