The latest evidence of the bullishness in Hong Kong housing came from Sino Land on Tuesday.

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Sino Land was up as much as 2.6% before finishing 1.5% higher at 13.98 Hong Kong dollars.

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Property stocks also dragged in Hong Kong, with China Resources Land down 2.8% and Sino Land losing 2.6%.

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His moves have also calmed investors' nerves to some extent, something that other debt-laden giants like Sino Land (see story page 49) had yet to accomplish.

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Sino Land will announce earnings on Friday.

FORBES: Hong Kong Leaves Housing Problem Unresolved