May 16, 2018 1:18 PMHONG KONG (BLOOMBERG) - Hong Kong's roaring property market has blown past another record. : Sun Hung Kai Properties Ltd paid HK$25.2 billion (S$4.31 billion) for a plot of residential land by the highly sought-after locale near Hong Kong's former airport, beating out bidders including units from CK Asset Holdings Ltd and Henderson Land Development Co. There seems no end in sight for Hong Kong's residential property market, which has continued to reach fresh highs even as developers brace for the first increase in the city's prime rate in more than a decade.